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Most engineers research a prospective employer minimally.
Some go no further than reading a want ad or a job description and talking to the manager in the job interview. If they already know something about the company, they rely on their intuition. Usually, they're so glad to have a job offer that they fall prey to the effects of wishful thinking. This isn't surprising, because employers typically don't research a job candidate in any more detail than that, either. Diligence is typically lacking on both sides of the decision process.