Pros
Spansion is a great company to work for if you enjoy having time off and not working due to shutdowns, mandatory forced leaves, and layoffs. Thus if you need more time to spend with the kids, a bickering wife, want to take parttime classes, or enjoy working a parttime job, then it's a great place to work. Promotions are on pace with those of other companies although management may vary. You can totally get away with not doing much work and just browsing internet all day as there is not much demand for flash chips these days. Thus you will have ample time to search for other jobs while you wait to be laid off!
Cons
Downsides include little job security, paycuts, forced leaves, bad food, no bonus, poor management, low morale, no young employees, low stock price.