Pros
Good benefits and compensation package, but no job satisfaction. Even the equity compensation is gradually taken away from engineers and assined to executives and managers instead.
Cons
The company is moving towards the two-tear system where stock options and RSU's to engineers is reduced and is given to managers and executives instead. The bonuses and stock options for the company executives and officers has been doubling year over year in 2008, 2009, 2010 while engineers have seen cuts and reductions in their equity compensation during the same period of time. Newcomers to Broadcom are treated as second-class citizens and are assigned to the most tedious and undesirable tasks no matter how much experience they have had outside. Any assignment that would be helpful to advancing ones knowledge/career is surrounded by circles of nepotism, politics, and a culture of exclusivity. If you would want to advance in this company, you should learn how to play the politics, join the right gang, and step on someone else's head. The spirit of mentorship and knowledge sharing is non-existent. Lack of documentation is used as means of creating job securities. There is not much internal technology development. Most of the new technologies are acquired by purchasing start-ups and other small companies and integrating them.