Pros
Avid offers careers in the professional video and audio industries. If you want to work in this field, you will probably include Avid as a potential employer.
Cons
As others on this site have detailed, Avid is in decline. The board of directors brought in a turn-around CEO in Dec 2007. He has made more wrong turns than right ones. Despite the C-level staff's expertise at spinning their actions to appear positive, they are still losing money, and sales are 65% of what they were two years ago. The general belief is that the company is being dressed up to be sold. Whoever buys Avid is going to be in for a surprise when they figure out what they purchased. The product lines are crumbling under the weight of technical debt, and employee morale is at rock bottom.