Pros
Great atmosphere and the technical people know what they are doing. Good employment opportunities after leaving it (hybris developers are searched for by other companies). Flexible working hours, personal budget for conferences and other learning materials. Great place to work.
Cons
Bad place to develop your career. Incompetent management (not the senior one, the one who is facing the actual "workers"). No interest in the employee career development. Almost no salary increases over years, regardless of performance (I know it from other people too). Yearly performance reviews done in a superficial way, which are more oriented at justifying current salary using random statements rather than giving real feedback about areas to improve. The managers have no clue about the work the people they manage are doing. No one knows what are the actual responsibilities of those managers, including themselves. All that is dissapointing hearing year by year how great success the company has made, and receiving job offers for hybris developers with much better conditions. I would recomment this company a lot if you can negotiate the salary you would like to earn when you are about to leave it - as it will most likely not change. Or if you are one of those people who do not care about the salary.