Pros
The company is still loaded with experienced and talented employees who flourished under the former CEO (Scardino), even if their numbers are dwindling. And the constant layoffs have had a positive impact in that there are now swarms of ex-Pearsonites working at other companies, consulting, and starting up their own companies.
Cons
Let's not kid ourselves--the Pearson play is about standardized testing at the global level, and that includes in Higher Ed as well as K-12/Schools. They also want to become the school itself in many parts of the world. So they are riding the wave of privatization, and following the money. But can they survive the negative press they increasingly generate? And their own incompetence? If you really want to work at a company like Pearson, consider McGraw Hill Education or Cengage Learning or Wiley while Pearson works out the kinks (or continues on in what may be a death spiral). Or head for one of the newer companies--2U, Laureate, Blackboard, etc. If you're young and hungry and can crash on your parents' couch, throw your lot in with an Edtech startup--you'll learn tons and should be able to parlay the experience into a bigger job quickly.