Pros
Adobe is doubt one of the best places to work for. They pay well. Although there are some valid concerns about the new "discretionary" additional time-off and bonus programs, benefits are still better than many companies. Everyday I'm surrounded by very smart people and that's helpful for professional development. Adobe has a lot of great products, some of which are the best in their respective industry. Although I work mostly with enterprise products, I can expose myself to other products by attending developer seminars, deep dive sessions, etc. Adobe is also very transparent internally, which results in a great work environment.
Cons
The time-off and bonus programs are changing in this year and, personally, it is heading for a not so good direction. Company profit sharing is gone. PTO balance can no longer be carried over. Management says the change is to make it more flexible to use additional time-off and receive bonuses at the discretion of your manager. I believe they did this for the benefits of the share holders instead of the employees. This could seriously result in talented people leaving the company.