Pros
Most people writing negative reviews are mentioning how bad it is for Broadcom Classic engineers after this merger. However, these merger is worse for Avago Classic engineers due to Broadcom. To keep cost down Avago Classic had a relatively flat structure and most Managers (mostly former HP guys) ran projects on a tight schedule with large groups often knowing little about how much time the full time employee spends working for them. Fortunately, the full time employees were able to accrue X hours of vacation time each pay period. Hence even when they were let go or when the project was done they could use this vacation time. Essentially, Avago had allocated some money for these engineers as they were putting in 60-hour work weeks. Broadcom Classic had multiple management tiers with Managers, Sr. Managers, Directors and so on. Also, they have an unlimited vacation policy (God knows what that means) but probably works for them as each supervisor knows their team members (the "smart" ones they have chosen) and how much each person spends working per week.
Cons
After the merger the Management team decided to adopt this "God sent" unlimited vacation policy on everyone. The CEO's argument is "Be nice to your Managers if you want vacation". Essentially telling employees to butter up their supervisors promoting a culture of nepotism, sycophancy and outright favoritism. New engineers on critical path on high volume products will never get a fair deal in this company unless they suck up to their managers.