Pros
Fantastic health and retirement benefits. Some positions have very cool responsibilities. I worked with some really awesome people.
Cons
Performance can only be rewarded through your year end bonus. Your raise is a standard rate among high and low performers and barely accounts for inflation. Only your bonus is influenced by your performance. The only way to get an internal raise is through negotiating with outside offers and moving positions. I witnessed many high performers leave the company over the course of a year while low performers stayed. The epidemic highlighted the inability for senior leadership to communicate effectively or commit to their own deadlines. Example: Only a few months into the coronavirus epidemic, the new managing director mentioned a reorganization that would be announced in 1 month. Employees went 6 months without any communication worrying about the scale of job cuts while also dealing with the new realities of an epidemic.