Pros
Relatively stable company and an industry leader. It treats its employees well with decent pay and good benefits (good severence pay as well when they do RIFs). Its a great place to have work-life balance and is good as a stable job if you are going to retire in a few years. There is some flexibility in moving around laterally particularly if you are in the company's country or world HQs. Middle and upper management are approachable for ideas and feedback.
Cons
Its not considered a cutting edge technology company. Carrier advancement is extremely difficult unless you have the right connections within the company. Folks from Sweden are given preference all other things being equal. The company is run like a government with lot of bureaucracy and lack of flexibility and agility for change. Flexible work practices such as working from home are discouraged (even for roles that do not need constant onsite interaction). There are lot of layers of inefficiencies that makes one wonder if upper management is oblivious to it or is tolerating it for political reasons. Both middle and upper managers range from highly competent to completely incompetent (and managing upwards). If you are aggressive about career advancement and are willing to put in the extra effort, then this is not the right place for you. No personalized bonuses.