Pros
Please note—I can really only speak as someone who worked on an acquired product. If you're working in Palo Alto at the headquarters, it seems like there are many smart, driven people on campus. The posted company values are great. VMware is very charitable and their actions prove it. All employees are given a certain amount of money they can donate to a charity of their choice each year. The work/life balance has been great, but it's also a bit of a con—it's only because no one is really ever in the office.
Cons
Working on an acquired product is painful. The team is currently unmotivated and has no morale, due to many factors. One huge one is VMware really didn't pay attention to the product until things got really bad and they had to step in. I don't know if it's the same working on one of the actual "flagship" products vs. a product from an acquisition. I am not an engineer but I have managers who just don't know how to manage non-engineers. If you're a designer, be very cautious of this place. When it comes to understanding of design, it's extremely painful having both PMs and engineers who have never worked with designers. And as for career growth, I actually don't see any here. Also, nepotism was a huge issue in our office! People with 1-2 years experience were put in senior positions simply because they were friends with the hiring manager. It's definitely been a messy acquisition.