Pros
It provides opportunities for personal grow at least in technical skills and communication skills. It provides the tools, and the freedom that you need to make a decision on your own. You also get advice from management for the what you have done. At least, in my department with the current position, I have the opportunities to learn the latest technologies and use the best tools for my software development. The company also provides education reimbursement and that fit my goal for the next two years. Another good thing is that although the company no longer gives out stock options, it gives bonus every half year.
Cons
Workplace and parkings are horrible. It tries to save money and cut cost by reducing cubicle space. At the same time, there is not enough parking space for employees. Multiple levels of management matrix makes it difficult for employees to report. In some group, an employee may have to report to several managers at a time. Too many level management seems to create a lot of overhead, as the middle level in some situation directly manages a group of engineers, but is a manager on top of another manager of another group. The company has not had salary review and given raises to employees for years. Many employees believe that they are underpaid.