Pros
Benefits package was good. Pay average. Nice facilities. Gym. Vacation time was generous (although this has now changed based on conversations with current employees.
Cons
Top leadership thought that the bottom line could be maintained/improved by cutting US jobs and sending them overseas. Lower to level employee benefits, stock options and profit sharing were lowered and are now gone except for very few and the higher levels of management. Top management communicated with their employees as though they were marketing to external customers. Senior management were reactive to new innovations rather than leading them. The only successful new product which Adobe developed in the 10 years I was there was In-Design, which was strongly advanced by John Warnock. Since that time the company just acquired new products and updated existing ones.