Pros
This place still has some of the best benefits packages and vacation policies I've ever seen, even though they are gradually phasing out the better benefits (top tier health insurance, etc) for new hires. Nice midtown location, onsite cafeteria, etc.
Cons
This place has almost no advancement opportunities for the worker bees, but always seems to find cash for endless layers of upper management whose contribution to the company is both invisible and questionable. If you're just a grunt, you can toil away for years and watch others get promoted for often no clear reason. Mass layoffs are also destroying morale, and they have not been handled with fairness or tact. Over the years I've seen older, very qualified, degreed workers replaced with a younger and younger set, and a downgrading of positions in pay level and requirements. It's a miracle that nobody has brought a class action suit yet. Anyone with vested benefits below a certain level is getting let go if they're not vacuous enough to be promoted. Oh, yeah, and the pipeline is failing. In a post-Lipitor world they haven't really found anything to fill the gap.