Pros
Secure job with good benefits. If that's all you want from a company, this is the perfect place for you.
Cons
Company with no vision. So many shuffles in management, in the end no body cares. Projects get abandoned often because no body wants to be responsible, in case it fails. And this points to the real problem with PayPal; it's all about appearances. Life at PayPal in one sentence: 10% doing work and 90% talking about it!. Company religiously follows the 'Stack Ranking' system. And your rank is based on your image, not the quality of your work. Whatever talent that existed has left long ago. So, you are surrounded by people who enjoy a secure job and care nothing about the company. When you bring to attention a fault, be prepared to hear, repeatedly, the line: 'This is what we have and we have to work with it!'. If you are a hard working and passionate person, this is not the place for you.