Pros
-The pay and benefits Verizon offered when I worked there were great. -There is a fair amount of opportunity for lateral movement to gain new experiences and knowledge.
Cons
-Zero loyalty from the company towards employees. Your tenure, talent, and work really do not matter; you will be considered for a layoff eventually. Verizon uses layoffs routinely to fix the financials that CEO's and other executives destroy by making stupid and short-sighted decisions (acquisition of AOL, Yahoo, BlueJeans, and bungling of 5G rollout). Layoffs then create major morale issues for remaining employees. Just expect layoffs to happen, even after executives say that financials are good and that organizations have been "right-sized". Verizon always looks for ways to force fewer employees to take on more work so that they can shed more workforce. The people they choose for layoffs often make no sense, as they are often the highest performers. It is just a constant culture of "hunger games". -Promoting upwards and moving to higher pay bands is extremely challenging, especially because hard work and talent are usually overlooked. -Hiring managers usually know who they want for a position, so you usually go into the interview process with zero chance of getting the job, but they have you go through the hard work and charade of it anyway so that they can look "fair".