Pros
I've worked for Adobe for four years. It's the best company I've ever worked for, by far. Adobe cares about its employees. The offer a competitive salary, flexible schedule, and lots of PTO, including two mandatory shut downs. I've worked in three different positions in my four years, so there's lots of room to move upwards if you're driven. It's a fast-paced environment, things are never boring. The culture is very open and inclusive, with an emphasis on accountability and ownership. My team has a very tight-knit, almost familial feel. I love working for Adobe.
Cons
Any problems or frustrations I've experienced at Adobe have been tied directly to the group I worked in, not Adobe generally. For about a year, I worked in a toxic group with tone-deaf managers who provided no direction, hated feedback, and made their performance goals unattainable. Luckily, I interviewed with another group and moved on. And the management of that group has since been replaced. The bad teams are few and far between, but when they're bad, it's BAD. The only other con is the length of time it takes to be promoted internally. It's possible, but the administrative side of things takes forever. We have an interview-heavy culture (10+ interviews for an internal position is extreme).