Pros
Great teams that really want the company to succeed. Flexible work hours, telecommuting opportunities. Good compensation and benefits.
Cons
Went from customer and employee-centric to shareholder centric. Seemed to forget that when customers and employees are happy, shareholders are happy. Instead worked to build up share price (buy back stock), four layoffs in less than four years and more probably on the horizon. Poor upper management and exec direction, portfolio stagnant; many startups now eating NetApp's lunch and NetApp is far behind (where they were previously the head of the pack). Poor acquisition history (most not managed well after acquisition--failures). No real chance for promotion. Too many layers of management. People not caught up in layoffs are leaving in droves (another friend of mine just left). Very sad; I hope they somehow turn it around because it had great people and really was one of the best places to work.