Pros
If you are really good and committed then you get nice bonuses, RSU. If you are good, got managerial skills and you stay there long enough (4 years in average) - you will get promoted. (the company is always growing) ESPP. You won't get fired when the entire industry is cutting jobs. Nice company events (team/group/area/company events) For every additional $1 billion in sales, the entire company is sent to a 1 week vacation in Cancun. A good health insurance plan. A better than average pension plan. 3 weeks summer-camp for kids during August.
Cons
Big company - you are a very small gear wheel in the entire company. Unless you are a tech-lead or an architect (or a junior engineer), you won't find too many interesting software development tasks or challenges, nor will you be able to do interesting software designs. Some managers are quite tough and see you as just another set of working hands. Project timeframes are rarely estimated correctly - when deadline is near everyone is working into late night to meet deadlines. If you do not live in Tel-aviv or near a train station, getting to work can be a pain in the buttocks.