Pros
Teradyne used to be a great place to work. It was located in downtown Boston, MA, an excellent location to work in and perks were good while job stability was there. The best this I liked about working at teradyne were the people, very down-toearth, helpful and laid-back engineers who were also very smart. Since it was an old company there was a lot of maturity among employees and not much of petty politics that is rampant in some companies these days. My immediate manager and technical lead were very helpful. But recently, it has become a totally avoidable place.
Cons
The biggest down side to Teradyne is its catastrophic upper management and its inability to make any consistent decisions. They have conducted a string of layoffs not only during the economic downturn but also in anticipation of, laying off some of their really good engineers as well. The employee morale are this company is extremely low and nobody feels valued enough to put their hard work into their products. The upper management also does not show that they CARE for their employees, they are all treated like assets which can be used and discarded at their convenience. It will require serious changes in upper management to actually turn this company around.