Pros
The individual contributors and first-level managers are great to work with. The work environment is decent. There is expansion taking place at the site where I am located.
Cons
Upper management's focus is on near-term financials and the major product lines are in mature markets with little to no growth. Investments in new business opportunities are coming none too soon. The result is a lot of downsizing has taken / is taking place and a lot of uncertainty exists about the future. Complicating the picture is that in the U.S. and Europe HP has an aging workforce and has efforts in place to shift to a younger demographic. More experienced, long-term employees are being pushed out via layoffs and early retirement incentives. The standard set of large company issues still exist; bureaucracy, top-down decision making, low risk taking, etc. Raises are few and small as are the year-end bonuses. Don't expect either one to keep from being disappointed. It is a challenging time at HP, Inc. If you are an early career employee, it can be a decent place to gain experience at a large corporation. Just be sure to work in a growing business within the company. Avoid the older, mature, declining businesses.