Pros
eBay is still a strong brand and "owner" of online auctions; the amount of highly qualified and skilled employees is tremendous, the purpose and business model of the company good. International exchange of best practices allowed for interchange with colleagues around the world. Internet Marketing know-how at eBay is very high (especially in terms of SEO and SEM), and you can expect a strong learning curve if you're working in those areas. Advertising on eBay is a fast growing business and offers good opportunities to grow. Compensation is fair, and in Switzerland, eBay grants 30 days paid vacation (which is better than the legal minimum of 20 days and the 25 days offered by most companies operating in Switzerland).
Cons
The slow-down in growth has forced senior management to make some tough decisions: Europe as a region is now managed by one centralized organization, based in London and Zurich. The teams there focus on the large EU markets and don't have enough bandwith to take care of the smaller EU markets. eBay has suffered a very strong brain-drain in EU due to this reorganisation, and the trust in Management has been severly hampered by the reorganisation. Corporate HQ is taking over more and more, centralization is the key philosophy at eBay (for the moment). PowerPoint dominates, and decisions are pushed-up the layers of the organization.