Pros
Not many pros. The only one I can think of is that Medtronic has a good brand reputation and getting a job here will carry you far for future opportunities at other companies. My advice is to work here for 1-2 years and then leave.
Cons
1. Expect a 20-30% pay cut compared to similar positions at other companies 2. Benefits are just ok and they have been cutting the year-end bonus. 401k matching has been decreasing every year. 3. Upper management is incompetent and will blame employees rather than taking the blame themselves. I was glad when I heard the news that Hooman Hakami was let go recently because he had absolutely no idea what he was doing. 5. Don't take a contractor position here because they will never convert you to a FTE Medtronic employee.