Pros
Excellent pay and benefits, and in my department, great flexibility around work hours and telecommuting. Great people to work with in almost every single area around the company - most employees really do care about the work they do and how it affects Health Net members and partners. Most leaders try to do the right thing by their employees to the extent they can within the power of their positions.
Cons
Work loads in my department went from heavy, but somewhat reasonable to overwhelming and intolerable, with no end in sight - unfortunately, it is not unique to my department. Horrible technology and lack of accountability in fixing issues and in putting together a long-term technology strategy. WAY TOO MANY lay offs - no one ever feels completely secure in their position. Extremely top heavy company - the number of directors, managers and even VPs with no one reporting to them is ridiculous.