Pros

Good work/life balance
Work for a leading player in the payments industry
Work for a company that people are familiar with

Cons

Too many people at PayPal are working on the same things because senior managers are more concerned with building their empires and taking turf away from others than in the overall good of the company. People get promoted based on who they know and what they look like rather than their merits. PayPal does nothing to advance your career. Want to get promoted? Find a manager who likes how you suck up. Want to find a new role in the company? Do it yourself. There'll be little to no support from your management to find the right job for you. Want to get visibility? Sorry, not here. You feed your work to your manager so he/she can report it up and get visibility for themselves.

Advice to Senior Management

The CEO needs to step up and manage his directs. How VPs can bicker amongst themselves and create groups that overlap with existing groups is mind boggling. CEO needs to spend more time working at PayPal rather than taking board seats at other companies. Too many VPs who have no real function. We're not a bank, but we sure act like one.