Lam - Mostly good, but really no different than any other big company.
Pros
Lam seemed like a good company and they were when the revenue was grwoing. The benefits (medical, dental, 401k, bonuses, etc.) are good.
Cons
They talked about the value of the employees, but it was all talk. With the recent down turn in sales, they eliminated most of the contract employees globally (~1,000?), which was understandable. But instead of "weathering the storm", they also recently RIF'd ~5% of the regular work force globally (400-500?) and ~19% in my organization. (Lam hires a lot of contract employees so if there is a downturn, they don't have to report it. Contractors are rarely converted to regular employees and after 2 years are let go. They can return after 60 days if the job is still open. I know of one contract employee that was at Lam for over 6 years having been let go at least 3 times and then hired back again as a contractor.)