Pros
The development pipeline is good (should PFE choose to develop it), there are many smart, top-notch people and my experience with immediate supervisors and mid-level management has, so far, been positive. The direction towards business units makes sense.
Cons
Reorganizations are painful to say the least. The company has laid off about 40,000 people since the acquisition of PHA a few years back and the people who have been laid off seem to be selected almost arbitrarily. Implementation of reorganizations seems hare-brained at best and one always wonders what leadership was thinking when they put out communications of how well things are moving along. Morale is at an all-time low in PGRD. I've never seen anything like it. I've been reorganized out of a job several times; job security and Pfizer should never be used in the same sentence. The thought of a reorg and a acquisition will make me want to stay, but only because it will be like a train wreck; you can't look away! New London CT is far from an academic, transportation or pharmaceutical mecca and is difficult to reach (though a very nice place with very nice people), so it's hard to recruit.