Pros
New CEO has some great plans. Office is casual (can wear jeans everyday), and it varies department by department, but mine is really great with work/life balance and flexibility. For example, most of my colleagues commute around 45 minutes a day, some from the city. Some come in early and leave around 3, others come in around 9/9:30 and leave around 6 to dodge traffic. Benefits are fine - 100% 401k match up to 5%.
Cons
Maternity and Paternity leave are pretty terrible (only 2 weeks paternity leave). You must use all PTO before using FMLA. It doesn't affect my job specifically, but they are working on consolidating resources and offices, so some plants and offices are closing (that's just business, though). Although it is casual, it is still a little on the old-school side, although it seems to be moving in the right direction.