Pros
People for the most part are talented and passionate about what they do. Nice amenities (gym, cafes, coffee bar, free sodas), flexibility in work hours, working from home.
Cons
Years ago Paypal had great vision but now is floundering and trying to be "a bank but not a bank". It makes my heart hurt to think about what the company once was and what it has become. VPs are more concerned with managing up and getting face time with the C-level than with managing their businesses and ensuring their teams can be successful. Leadership is inconsistent--constant changes of opinion, of approaches, inconsistency between words and action. People who are glorified sales reps are put in positions of running large businesses that are now floundering. Lack of people development; difficult to get promoted. Negative politics, turf wars and kingdom building run rampant. Have to be a a "yes man" to be successful; can't voice opposing points of view without repercussions. Values and behaviors look good on paper but few people exhibit these. Compensation is low, and often unfair--women on my team made less than the men, directs made more than their directors and VP management doesn't care. I once was a huge advocate for getting people to work here, but at this point the company is off the path to success and instead is becoming a "me too" company--following the likes of Apple, Google, Square instead of leading.