Pros
There is a real disposition to work/life balance. Flexible hours are the norm. That said, if you get the wrong management crew you might be under pressure to work long weeks - but at flexible times. It certainly is of value when raising a family. Salary is good. Company is becoming extremely cheap ("the new reality"!) but they do keep promises. And they make a strong effort not to lay people off. There is an encouragement towards diversity of workforce and diversity of thought. Managers are generally well-trained and have good perspective beyond the crises of the day.
Cons
There is not a particular bent towards software development. It shows. You need to go through layers of process to as much as download a free IDE onto your PC. We're frequently the opposite of tech savvy (not sure if there is a term). A mania towards security, combined with layers of beauracracy on purchasing or even downloading software tools, does discourage innovation. The company is full of older workers desperately trying to hang on - and do any job - long enough for their pension to kick in. Major topics of conversation ere are early retirements and whether individuals will survive long enough to get their pensions - not solving problems and creating things. There is not an effective base for software management where I work. I've seen high-profile efforts run badly by "manager"s who have no real life experience, and who flounder and cause chaos. This company knows how to build many things, but not so much software.