Pros
Very good work/life balance. Flexible PTO and vacation, several paid holidays for salary employees. Sabbatical program gives one month off with pay every 7th year. Relaxed work environment. Lots of events and potlucks to keep everyone excited about the calendar and the weather. Donuts and bagels on Fridays. Great people to work with, very few bad apples. Big business plans mean there is plenty to do if you're willing and capable. CEO is intelligent and methodical, no emotional decisions or reactions. Some positions see international travel opportunities.
Cons
Pay is well below average, in some cases by more than $10k. No bonuses in 2014, no explanation why. Average raise barely keeps pace with inflation on a bad year, if raises happen. Limited benefits and cutting employer contributions; 401k match was slashed while saying people should save more for retirement. Office politics have been a bad experience in the last 5-6 years with no outlook for changing. Few outside training chances, fewer if it costs a lot of money. Professional development is lacking. Aggressive business plans can feel daunting and unsupported. No promotion chances for most positions.