Pros
There are a lot of talented technical team members, project managers and other support staff that provide a great learning experience. Good for technical knowledge growth. The majority of typical employees are good people you enjoy seeing everyday. Excellent medical/dental benefits (coverage and premiums), and relatively fair pay (against the market).
Cons
There are the inner circle long-timers, then there are the rest of the employees. If you are not inside that circle, you feel expendable and less relevant. They will talk of improving things (such as work-life balance, headcount, promotions, bonuses), but then do not follow through. And unfortunately mediocre work seems to get the same rewards as people that work harder and better. Lots of people leaving right now.