Pros
"Always Learning" is a wonderful slogan. Strong emphasis on picking up new skills and branching out into new areas of responsibility. Latitude for making mistakes while learning encourages picking up and trying again. The people here are very intelligent and diverse. Work-from-home every Friday is nice, as is the flexibility to work from home other days on an as-needed basis. Technology pretty much makes it easy to continue work with others fluidly.
Cons
Management is confused and out of touch. We get our work done despite them, not because of them. They are frequently blockers to our progress. Reorgs happen with enough regularity that it is hard to get experts on any of the codebases, which leads to a lot of needless investigation (because documentation is unnecessary, being Agile as we are). Communication is horrible. The only way to know the movement in the company is to listen to the rumor mill or overhear things in the lunchroom. My manager has two teams and frequently we find out last-minute that something the other team has done will break our code. Decisions made months ago in their silo are now causing panics on the production servers. And on a different day, "oh yeah, we hired a new guy. He's starting tomorrow." with no one on our team interviewing him (including the Team Lead).