Pros
Good ability to move around internally, especially as a new hire. Fairly good pay, especially for Memphis.
Cons
Very old fashioned. I guess one shouldn't expect forward thinking from an old manufacturing company, but i t was very frustrating how behind the times IP was in many ways. Horrible maternity leave, the idea of paternity leave literally would generate a lol from management, they wouldn't even consider temporary flexible work arrangements. IP is one of the last companies to still have a pension (closed for new hires). This pension means the company skews VERY old as people will not leave. The company is wildly out of touch with under 40 crowd, much less the priorities of recent college grads. In many ways its like 1985 at IP. Almost every senior person you will interact with is a married old white man. Cant speak for all groups, but communication was horrible in mine. No one ever had any idea what the hell was going on.