Pros
If you are an entry-level employee, this would be a good place to begin your career. While there is constant upheaval in terms of staffing due to downsizing, the severance package is very good for those long-term employees who have been let go.
Cons
From my perspective, the department I work in is very poorly managed. The company's goals are all number-driven so decisions are made to the benefit short term goals of the specific department rather than toward the long term viability of the company. There is no support which makes it difficult to complete your job tasks and while training used to be very good, that is no longer true. Every year the primary goal appears to be to cut costs. There is constant downsizing and then hiring of inexperienced employees as the new employees cost less. The workplace is chaotic and getting the equipment necessary to do the job is next to impossible. No local manager appears to have the authority to make any decision.