Pros
Seagte is one of the largest and best paying employers in Santa Cruz County. The benefits are very good as compared to most employers in the county, and comparable to most other large companies in nearby Silicon Valley. When the economy isn't crumbling and there are no lay offs in the foresable future, there does tend to be room for career growth and movement within the company.
Cons
Seagate is moving most of their functions to Asia. While not making an public announcement of it, the "understood" plan is that within a three to five year time frame, the company will have only a sales force and limited executive presence in the US. That idea does not make for much job security within the company and most people are stressed about losing their jobs as they watch the folks around them get outsourced. Steve Luczo wrote a company wide email about how he "loves" Seagate and how he thinks of Seagate as a family and how we should treat each other like family.....in my case I got that email the same say I go the news that my positioned was being outsourced to Asia and I had three months to stay and trail my own replacement. If I didn't stay, I would not be eligible for my severance package. Not very family like if you ask me.