Not the best at integrating acquisitions. Sometimes too much "Not Invented Here" attitude. Different business units don't closely coordinate strategy or planning, though recently this has improved somehwat. Many products or features are innovative and best-in-class but several products have been neglected, making them less competitive. Company was designed for ultra-high growth then dialed back to fast growth after dot-com crash, but now has to adjust in era of slow-to-moderate growth, which has required some difficult decisions.
Work-life balance and flexibility depends on your manager, though most including mine seem reasonable. Engineering gets reorganized more often than needed. Sometimes the wrong Director/VP/SVP gets hired and introduces excess politics or nepotism for a few years before the top execs notice and replace him/her.