Pros
The company had for a number of years great policies about making people thrive and be productive. They respected contributions, loyalty, etc. Although a huge company, it still had the feeling of a big family.
Cons
While the company is in business to make money, which is completely respectable and indeed totally justified, the current trend of just focusing on the money, not anymore on the well being of their performers and contributors, getting rid of their most experienced people to get "new blood", and reducing costs. There is no respect anymore for the people who helped the company to reach to where it is right this moment. HR and senior management is going for the "cheap" and forgetting about quality. Too bad people remaining still have the fear of losing their job every single day, not being thought of like they are people, but just a number. I guess they can be proud of making a lot of money by trumping over their employees and showing zero respect.