Pros
Very talented people in this company (lots of PhDs). Group is doing industry leading product having significant amount of market share. Lots of things to learn and good for new grad to make their resume pretty. Very tight schedule so you can work on a lot of things in a year (and hopefully new things). HQ is in the best but expensive place in SoCal.
Cons
Annual raise is on the low side. Base salary is low compared to companies in Bay Area, decent if you stay in SoCal. Stock isn't doing that well recently which means don't depend too much on RSU when you negotiate your package. Lots of work with no "actual" reward. If you're happy with your manager saying just thank you after every project and saying sorry after every review, this is the right place. Oh....and the most important thing....having a PhD is a BIG+....treating masters like junks (e.x. you should do this and that instead of xxx, you expect PhD to do this kind of job?)...A PhD got promoted twice over just "2" years..true story. Getting promotion requires "being" the right person and "knowing" the right people.