Company: IBM
Date: 2016-08-26
Overall rating: 3/5
Employment status: former

Became overloaded with dead wood
Pros: Seldom did they ever fire the incompetent, and they had many great people, super good management, etc.  Advancement was relatively easy, but you really had to work hard to get it.
Cons: Eventually they decided to offer 'buy outs' or early retirements.  Unfortunately, too many people decided to hang around until they could retire at full pay.  Then they started charging employees for some of the benefits such as health care, then they started charging retirees for health care, then changed health care benefits to a flat amount per year.