Pros
I work in Product Engineering and the environment is very collaborative and solutions focused. In general, product information and experience are shared and flow easily. Mentoring is part of the culture and there is an "open door" policy among at all levels in the organization.
Cons
Upper management is extremely tight-lipped about future changes, even org changes. This is partly understandable, but also frustrating. Because we deal with product shipments, we have to interface with overseas facilities. This requires work around the clock, especially for when new products arrive. This can be very difficult and stressful and certainly isn't the best environment for everyone. Bonuses and stock shouldn't be counted on as part of compensation. They don't seem to be given much, at least over the past 3 years during the weak market period.