Pros
You'll get to work with good people and interesting projects. Truly some of the best people I've worked with in my career are/were at this company. I think pay is fairly competitive, provided stock is doing well, which is tends to not.
Cons
The biggest issue I see is the upper management in the VP to CEO level. They seem to have no idea what is going on. People complain about the lack of resources, low morale, crummy work environment and their complaints fall on deaf ears. Extremely project-critical people leave left and right for these reasons. It's really not that hard -- LISTEN TO THE EMPLOYEES, the CEO needs to stay humble and stop being so aggressive and arrogant and stop blaming engineers for failures at the top level. It's time for new management. They try to cut every expenditure, save pennies on the dollar to not provide anything for the employees. Time to wake up, the industry is very competitive and people will just simply find work elsewhere, where they are more appreciated and the company takes care of them. Driving people away and saying "they weren't needed anyways" is not how you run a company, I don't see how this is "investing in the future" as the CEO has stated before.