Pros
I had a great general experience at Adobe for the 5 years I worked there. The company has a clear road map and knows how to get there. I particularly enjoyed the opportunities of giving back to the community that were sponsored by Adobe. The values of the company are ingrained in the company, specially in the Creative Side (original Adobe: Photoshop, Flash, Illustrator,etc.) of the company, and little less in the Digital Marketing (ex Omniture) part of the company. Big Pro: sabbatical every 5 years (4 paid weeks onthe 5th anniversary, 5 weeks on 10th and on), plus 1 paid week of vacation in July and other one onhte December Holidays, to that Adobe adds 2 extra weeks of vacations.
Cons
I personally had a not good experience within the Systems Architect group in the Target division. The expectations where high but not clear; some contradicting guidelines as "all our clients are important, no special treatment" but when something happened to a big client then it was "this is a special client, you have to give priority to it" (and push back on other medium size clients). Also the direct manager stopped sending birthday celebration emails, congratulations for work anniversary, I felt the only point of work was the number of billed hours. The surrounding of the 410 Townsend office are a little shady and it is not uncommon to find garbage laying around in the section that is supposed to be a sidewalk. The surroundings of 601 Townsend are great and clean. Social interaction at the 410 Townsend office is not good and the building is 3/4 empty on a normal work day with all teh people that work from home.