Pros
The benefits beat those offered at any other company in the DFW area. The European mentality toward health care ensures that you and your family receive care at an out of pocket cost that is less than or equal to any other company in the area. The campus in Plano is top notch and the building is located in a good part of town. There are clear paths to promotion if you know the right people and make some of the right decisions. Working for an international company such as Ericsson affords the possibility for long term assignments in several locales around the globe. Compensation at Ericsson is generally on par, or slightly higher than at other competing organizations.
Cons
Not a slight against the company, but the telecommunications industry is very volatile. You need to be in the top 3% - 5% of employees to ensure job security. When the business is good, all are taken care of. When business slows, it is time to start watching the job boards.