Pros
Working with talented people world-wide, one of few companies where Indian employees are treated on-par with respect to responsibilities and accountability, time-off policy, relaxed/casual environment, lots of cultural events, family-like atmosphere, lots of international travel opportunities (long-term and short-term), fantastic product portfolio.
Cons
Politics, mediocre people are retained/promoted because of 'GodFather-dom', line and functional management are separated - which creates confusion during goal-setting and ratings, average salaries, below-average hikes, hierarchical management structure, line managers are more powerful and influential than the technical senior people, moving between divisions by-choice is difficult despite HR initiatives.