Pros
You have a job to survive the high cost of living in the Bay area. Some really nice people. It used to be very nice place to work before they had a massive hiring spree a while back. A good place for H1B workers to get a sponsorship.
Cons
It seems like hiring vacuum sucked in a lot of dirt. People brought their friends and families. I personally know one manger who hired two incompetent girls who were his family friends. Some bad apples have left Lab126 and have joined Google through their friends. HR used to be nice but lately they have people from other countries who can hardly speak English and have no understanding of the American culture. There is a lot of bullying goes on by managers. It seems like some of the X Apple directors brought bullying with them from Apple. Also there are way too many program managers than the engineers. Feedback system is all messed up. Anyone can give a negative feedback on you even though you never worked with them. Feedback system is often used to settle scores.