Pros
Yahoo provides a lot of challenging work. There is variety in the tasks we do and projects we work on. The people I work with are, for the most part, very professional and reliable. Management in my area is responsive and very supportive when it comes to helping us navigate the wider organization. The campus has a lot to offer and is a pleasant place to be. Our management is very progressive about using the latest tools, gives us training regularly, and provides us with support services that many companies no longer offer.
Cons
At Yahoo, we work very hard. There are few lulls in the action. It is hard to get time off. Most people are overloaded, and in this economy, we are unfortunately not hiring. There is a constant stream of action items coming in every day of the week. While this can be good, as it is not boring, the stress level is high. In addition, recently some of the "perks" were taken away, things that made working at Yahoo fun like snacks and drinks. Plus, they ended 401K matching and suspended raises. Since I was already earning less at Yahoo than I was at my previous job, this doesn't make me terribly happy.