Pros
I think if you don't mind working at the Corporate Offices you can do some great land grabs that are above your ability, education and experiences. I don't think the pay will be stellar, but often Philips hires those that speak well, are political savy and don't mind the concept of "faking it till they make it". If your looking for long term, the joke is that when you go through your 1st company car, you should start sending out resumes if your management... thats about 2 years.
Cons
Overly sensitive to honest conversation to a point where they really won't hold employees accountable for real world performance. They will metric you to death, but the statistical information they gather is strictly a CYA for management and the field easily manipulates the data to avoid being on managements radar (which they should.. non of the metrics really drive customer concerns). Philips history is to acquire #1 companies within their respective specialty, spend millions bringing them into the fold of Philips, only to see complete and utter disaster. ATL,Stentor, Agilent, ADAC..... just to name a few and they have all been literally ground up. The top is heavy with GE management that have been rejected by GE. Everyone knows how that goes. Once in, you can't get the rats off the ship and more just keep on coming via friends help friends. Middle management waters down the problems as the issues move upward. The Leaders on top love hearing it because now they can blame those below them for not giving them accurate info. Its a perfect storm for manipulation, lies and "do nothing" mentality which is why market share in all sectors has bottomed out and the company self closed two modalities recently.