Pros
If you are starting your career, Frito-Lay is not a bad place to start because you will be faced with numerous problems and situations and will be able to gain a lot of on-the-job experience in a short amount of time, but I would not recommend planning to stay for the long haul. Frito also offers decent benefits and vacation options and can generally be pretty flexible outside of the summer months.
Cons
Working within management in Sales or In-Market Operations, you will find yourself having to run Sales routes or work on the warehouse floor to ensure the work for the day gets done much more often than you would have anticipated. Decision making abilities for both District Sales Leaders and Operations Managers has been drastically reduced, causing the work to be much less focused on working on/completing projects and more focus on general supervisory work of front line employees. With the reduction in upper management careers, there are also many limitations to career growth.