Pros
Smart people. Worklife balance is there for the taking if you are brave enough. Compensation can be good if you manage to get on international assignment. However, if you don't it is average at best.
Cons
P&G's mantra used to be "consumer is boss." It is quite clearly now the shareholder. In an attempt to turn around the share price the company is ruthlessly driving productivity. This generally means positions are eliminated & work is farmed out or that jobs are "recalibrated" so that you find yourself doing the same work that used to be done by a higher band colleague in the past. In addition the company is attempting to sell large divisions of the business that it deems as non-core. Ironically these were categories that our CEO bought in his first tenure with the intent of them becoming core, however we simply failed to make them work. All these planned divestitures means that the organisation is distracted & everyone is looking over their shoulder.