Pros
There are no pros for the maternity/paternity leave whatsoever. Mother or Father receives 5 days . "Regular full-time employees and regular part-time employees may take 5 days off with pay to care for or bond with their child after the child's birth"
Cons
It is a complete misnomer that Dolby is part of the forward thinking tech companies in the Bay Area. They do not match salaries in the Bay Area but under pay their employees and expect that they work far more than 40 hours a week. They must travel and work and work in US and foreign time zones. After they return if they work through a weekend they are not given time off in lieu. Sure you see a bank of holidays build up but you are at risk of losing your job if you take those days. Furthermore in reference to leave after your child is born both Mother and Father are permitted the same 5 days off of work. Unlike tech companies like Facebook, Google, Twitter, etc that try and help families by providing services like embryo freezing and extended leave with a guaranteed job after they return, Dolby believes the exact opposite. They equally force male and female employees to choose between career advancement and having a family. It is appalling that a company with so much money does not foster a better working environment for their employees.