Pros
The company has been going through major changes in senior management and organization structures in the past two years and are in the processes of implementing recommendations from several consulting companies in every area you could possibly think of. Overall it's heading a better direction compared to two years ago and there are lots of opportunities out there.
Cons
Working in a big old company that is going through major overhauls could be chaotic. Many top executives are too old fashioned and really cannot keep up with the constantly changing environment. Even after laying off several hundreds people at the corporate, the company is overstaffed with useless analysts and clueless middle management. The compensation is decent but the benefits are horrible. Reviews, very often, are not based on performance, which discourage hard-working employees. People, especially the middle management, tend to spend most of their time in meetings without really generating any deliverables.