Pros
Xerox has a good history and a lot of interesting technology. There's definitely a tradition of innovation and collaboration and still some good people who are interested in making a good product and understand the fundamentals of their technology.
Cons
I don't know whether it's due to layoffs or a stagnant culture, but the environment is very toxic. Problematic people are ignored, management functions mostly to avoid losing people in their group and most people spend their time trying to figure out how to jump ship to high-profile projects. The toxicity is very prevalent in the the 3D printing 'tower'. I understand the need for new products, but the people in charge of the project have no interest in supporting people, understanding issues, or being honest about the project requirements.