Pros
Decent benefits, some flexibility around work hours and working from home (varies by individual manager though, no consistent policy).
Cons
Director/VP level leadership generally poor. For the most part folks at that level are far from impressive. There are exceptions, but they're few and far between. Predominantly people at that level are there through having hung around for years rather than having been recruited or promoted for genuine merit or talent. Heaven help you if you dare to disagree with people at this level, they're like petulant children that can't tolerate constructive critiques or even suggestions. Poor communication regarding where your immediate department is heading. Grotesquely dated and bureaucratic, nasty politics. Some highly toxic individuals who have mastered "kiss up, kick down" to the level of an art form. Truly shocked at who stays and who gets pushed out. They seem convinced employees are simply cogs in a machine; there's a relentless race to the bottom via a push to offshore work rather than employing bright people who can innovate to achieve sustainable improvements.