Pros
The sports and fitness culture is great. The most competitive and driven company I have ever worked for. They will continue to dominate the industry for years to come. Some really great people to work with. You will work with the very best talent in the industry. More than a company it is a way of life.
Cons
It is not a company for everyone. Depending on your manager it can be heaven or hell. There is little support, training or oversight of middle managers. Managers exhibit favoritism. Very inconsistent about policies. HR is primarily virtual self help. The company is hyper competitive, which often gets out of control creating a hostile environment. You see many employees burn out from the pace. NIKE often "eliminates the positions" of older employees. Many cliques.