Pros
Used to be a good place to start your career... not so much anymore. Good health insurance. It is possible that departments outside of IT are OK, but I would be suspicious. Surreal experience - like working in a soap opera.
Cons
Upper management appear to be actively trying to get rid of IT. There is no autonomy in IT management. Any decision (literally any) must go up to the executive VP level for approval. The CIO and his cohorts are mere puppets to be tossed around by the rest of the leadership team's ill-advised whims. No less than 3 IT directors have been let go in the past year. Communication comes in the form of a rumor mill and each piece of information, however true, requires an oath of secrecy. The CIO likes to occasionally have feel good sit downs where a few of the directors put on a good show but nothing substantive comes out of them. Get him behind closed doors and you will get a very different story of bullying and toxic politics. There have been a flood (in the dozens) of departures over the past several months and replacements are being summarily let go after 90 days. I honestly believe that the organization is planning to outsource IT in general. I suppose the fewer they lay off, they less unemployment they have to pay out. They do pay a few secret cows rather well to keep it from falling apart completely. I imagine those few will stick around to hand off things to the poor company that wins the bid to take over the mess of what is left.