Pros
Stable Job, work life balance (tends to be reducing now) . Good compensation and benefits.
Cons
0 prospects for career growth . The managers and directors don't give an opportunity for subordinates to grow . The people who interact directly with decision makers for promotion get promoted . The manager would not give his subordinates an opportunity that could result in a promotion , He will take on all the higher visibility projects by himself which ultimately leads to rating numbers that get him promoted . His subordinates get stuck where they were when they started. If you decide to stick with the organization you may end up retiring where you started. They recently introduced "open workspace arrangement"resulting in very ugly looking work env. You get to sit on an open floor with desk just large enough to fit 2 monitors no room to put your laptop . This has resulted in less communication and lower morale amongst employees . The team members call in sick more frequently as they pass on the cold or flu virus form folks sitting close to each other, A survey showed big dissatisfaction rate amongst employees due to growth opportunities . I am sure the workspace rearrangement leading to seating arrangement with higher density will lead to even more dissatisfaction amongst workers. Not a very fun place to work. The work env is not very exciting .