Pros
GE acquired the company I previously worked for, so there was an adjustment period. The insurance benefits have changed some, and I think are basically average - which is to say better than some companies, worse than some others. But there are other good benefits - like a pension, plenty of Sick, Vacation, Personal and paid vacation time, and flexibility when needed - at least in the GE business where I am.
Cons
GE loves to reorganize - It has been 8 years since the acquisition and I have seen 5 reorgs in my business. Reorgs are unsettling for staff, and every time a new leader is introduced, they reorg us to their liking. There has also always been a sense that senior leadership is disconnected and really doesn't even know what they are reorging. Leaders move around from GE business to GE business every few years. Also, it is difficult to move up in the company past a certain point. It seems you have to start out of college in one of the programs, and/or join the Corporate Audit staff, to gain the visibility needed to move up. That can be frustrating for people who joined from an acquisition, and who bought into the GE culture and message very early on. The other thing which tends to add to staff morale issues is how frequently we are pushed to do more with less. Teams are combined and peoples jobs are more than doubled, with no salary increases, meager merit increases, and little acknowledgement. It's demotivating.