Pros
Flexibility. Life and work balance. Decent people to work with. Salary is competive. Professional work environment.
Cons
Politics - like anywhere else, there is politics going on within org or between org. There are a few people constantly trying so hard to get up to the ladder by any means. There is also a minority special treatment crap. I am a minority myself but Xerox over extend their means to have many minority slackers. I've been told their lawyers suggest not to lay them off to meet the quota. Financial - Company has not been doing much in terms of revenue, new product line or the business model. Xerox People are combination of very smart, very dumb, very stubborn, very in-box thinker, very lazy, very hard working people. They emphasize on "diversity". I must say they have accomplished this one alright.