Pros
The work life balance is excellent. Upper management is transparent and honest. Compensation is good (but not as good as other big tech companies). The NYC office is beautiful and the food program has gotten so much better over time. Spotify is overall a great place to work if you have or are starting a family. The parental leave program is second to none and they're extremely supportive as you reintegrate back into the office.
Cons
If you care solely about maximizing compensation then Spotify might not be for you. You'll make more at any of the big tech companies, but likely the work life balance will be poor. Reorgs are also a way of life here, often times unnecessary. There can also be a lot of politics and backstabbing at the mid-management level.