Pros
I love working for this company. Although admittedly there is some senior management who have been with the company for a very long time, there is a good balance of consistency/history and new developments with some of the organizational changes that have happened in the past year. A lot of positive changes have occurred and it seems like management is listening closely to employee concerns and taking many active steps towards improving company culture. I believe in what we do, we have a lot of high caliber people and everyone I work with is very dedicated to the company's and our customers' success.
Cons
I hear about conflicts remaining between some groups, but I don't have to deal with it directly. It's a challenge when some people have been around for a long time and are resistant to change or are stuck in a "we've always done it this way" mode, but I think that's the case anywhere.