Pros
Little chance of lay off. You have to screw up pretty bad to get let go. There is a definite sense of job security although that means that there is also a lot of “dead weight” or people that are pushed until they eventually quit on their own.
Cons
As of 2018, for the first time ever, employees need to contribute to health insurance premiums. Prior to 2018 Insurance premiums were completely covered for employees and their families. Another big change is that stock options are no longer being issued as of 2017. The new “version” will be Restricted Stock Units (RSUs) which will be given out in much smaller quantities. Although they are worth more per unit, there is a much smaller pool that will be handed out. If you are used to receiving stock options in the past, chances are you will not receive RSUs. This will be major change in overall compensation for middle management and no one is talking about it.