Pros
The PVPs (Purpose, Values, Principles) are still the main reason people love P&G. Pay is also quite competitive and working with very smart and driven people improves your overall learning.
Cons
P&G has lost its heart. While there is still a seemingly strong drive for PVPs, this does not come to life. Senior leaders are not penalized for harassment cases filed against them, double standard compare to how low level employees are penalized. These are investigated but are dismissed as employees being too sensitive. People have had anxiety and depression because of P&G and P&G leaders. Many Top leaders are considered by people below as disrespectful but are lauded for their excellence, so it’s ok to be disrespectful and quite honestly A-holes as long as you sell soap. So young leaders feel that they have to be bad people to succeed. They brag about work life balance but they ask people to come back from leaves early, expect people to work on weekends and at nights to show DRIVE FOR SUCCESS. It’s also quite political - you can be MARKED X if one leader does not like you. This has ruined careers, with the way P&G moves employees as expats, where leaders stay only for a few years, one could have worked hard and produced strong results, in the pipeline to get promoted but one new leader can just ruin this and say negative things and the career is gone. And you just wait for the leader to leave, and try again. Or leave.