Pros
Nothing much comes to mind, the 401(k) matching is pretty decent.
Cons
Everything else, from useless management to an HR department that spends all its time protecting the ridiculous decisions and incredibly poor judgement of management. If you have an ounce of ambition in your run away from this company as fast as you can. You won't get anywhere. All decisions have to come from Germany, all inventions have to come from Germany. The approach is that if you're not German/Austrian you have nothing constructive to contribute. The fact that the Americas CEO is a marketing guy who probably has never set foot in a fab tells you everything you need to know about how the parent company regards the US. IT management is weak, borderline criminally negligent. They are stuck in a 20th century world view. You're not every going to be allowed to work remotely here. Incompetent know-nothing managers who were promoted based on who they knew rather than what they knew have to micro-manage you to within an inch of your life to try to justify their existence. They can't do that if you're remote!