Pros
Employees hired before July 1, 2010 are invested in a retirement plan, have small percentage of 401k funds "matched" by the company, and can make lateral moves in company relatively easy provided networking has created mentors. Although there are few workers left who understand the quality aspect and customer service that the Company was founded on, those few people are well worth knowing and can make work a pleasure.
Cons
Employees hired after July 1, 2010 no longer have a pension plan, have fewer vacation days, and are expected to work 10-12 hour days to be considered 'average' employees. New hires can expect no appreciation for traditional qualities such as loyality, commitment, dependability. New paradigm requires cost saving / downsizing / outsourcing mentality only. Large corporations do not care about their employees as individuals with lives outside of work--only that they are willing to give up everything else to keep a decent paying job.