Pros
Company gives relatively free reign to developers to come up with creative solutions to applications come with new ideas. For a company their size they're flexible with cutting edge technology. Startup within a large company. Be part of the initial foray into technology.
Cons
Upper Management is focused more on smoke and mirrors than actually built applications. Contractors are sometimes more trusted than internal teams. Too many initiatives prioritized at the same time. Constant rush / flux leaves people feeling demotivated. Large Enterprise IT is extremely slow for on-boarding and draconian with some rules. Upper management cannot distinguish between a single page website with all features on the same page and full scale multipage website designed by it's designers.