Pros
If you can get into one of the view engineering groups left (that has not been off-shored), there is much to learn and for sure you will be challenged with a great engineering experience. Pay and benefits seem to be in par with similar industries. There are some extremely talented engineers there (not many left though); the employees that remain are very good people.
Cons
Executive management simply does not care about employees...period! Board of directors is focused on "share-holder value". If you want a company were you can contribute your ideas to upper management then this is not the place for you. Lots of slogans and mission statements, but no substance behind them. Layoffs are frequent and deep; but they spin it in such a way as to not have to make announcements, so most of the public does not see half the layoffs.