Pros
Good company, solid cash flow. Fairly stable industry to work in. Good opportunity to advance, and the benefits are good as well. Although there are some layoffs coming up, in general, it is pretty secure. There are lots of bright, hardworking people at Medtronic, and people really seem to have a sense of accomplishment. Strong performance is generally recognized, and rewarded. It is a great company to have on your resume as well, and people are generally able to recognize the company name, no matter what industry they happen to work in. Plus, the company is sixty plus years old, and that gives some idea that they will be around for a long time.
Cons
Not too many. Because it is such a large company, sometimes you can feel a little lost in the shuffle.