Pros
The company has a good 401k plan, decent medical benefits, educational benefits and competitive pay. If you happen to work in the right department and in the right job. The company promotes healthy living and is always trying to do a better job with their customers. The company is global so if you like to travel or re-locate there are possibilities. If you are a semiconductor or material scientist with Masters or a Doctorate degree the jobs can be exciting and rewording and very well paying. The newer management under Mark Adams seems to be doing a better job of treating people humanely and doing away with the boys club that existed strongly under Steve Appleton. The company is a good stepping stone for a better company such as working for Virgin or Google.
Cons
Little or no company loyalty to employees, if you are the average worker Manager or lower then you are just a number, it doesn't matter how long one has worked there there is no "job for life" culture. Often the company will make cuts with little worry about employees, and sometimes they even have cuts when the company is profitable. Often the company makes changes with little or no evaluation of the impacts of those changes internally so you end up doing your job and someone else. The company is global so if you are salaried watch out, you may be working from 8-5pm or 8-11pm with no added compensation. If your not at the right level, Director or above or working as a scientist in R&D they will work you to death. Some managers have no tact or bearing and do not support their own employees and will try to make themselves look good at any cost.Some people have ridiculous work loads, they do it because they cannot find anything better. You have to constantly watch your back for people trying to promote themselves by making you look bad. This is not a US company by far they have moved most of Manufacturing overseas and continue to do so.