Pros
ebay is a stable company that has done good in the past and is now reaping the fruit. Work life balance is good, no doubt about it.
Cons
Things are too slow for most employee's taste. Me and most of my colleagues shared the same thought. Since the ebay-paypal split a lot of projects were cancelled and that severely effected employee moral. After the layoffs early 2015, lots of people left voluntarily. ebay is not growing as fast as most other companies in the bay area are. Here projects come and go in a fraction of a second. You would be working on something very hard and all of a sudden your boss tells you this project is scraped and start working on other maintenance work. There is no respect/say for individual contributors. ebay is loosing its battle with other big e-commerce giants and is finding tough to retain top talent for the same reason. After the split. no major initiative has been taken. Entire 2015 went in poor decision making and then remaking. Apart for ebay on mobile being in the forefront, I do not see any innovation or willingness to nurture latest technology and outshine. Senior management is very proud of the money that ebay makes, but the fact is that all that money comes irrespective of the new work that people do. This is a very stable and trusted platform that people have been using for nearly 20 years. Lastly, too much politics in senior management that treats employees as its pawns.