Pros
Great team, flexible work schedule and ability to work remotely, decent benefits - health care / vacation / dental / vision. Lots of experienced and knowledgeable people, our building has a new cafeteria/gym/ relaxing space.
Cons
Infrastructure is aging and not updated - slow server connection speeds, minimal computing power, office space and ventilation system is struggling in places. Layoffs are common and just happened again. Length of service benefits have been cut over and over, so what you work for today may not be there tomorrow. With all the changes to the board and CEO, the "new direction" is to outsource everything and lay off all the people who know how to make things work well. But this is the same old direction we tried 15 years ago, that didn't work. Soon there will be no one left at Xerox who understands the day-to-day business and how to make products - all the experienced people will be gone or working for vendors.