Pros
Quite a few talented individuals. Unfortunately, some of them have been blinded by (or promoted) the restrictive technology stack. Some people might enjoy the work-life balance.
Cons
Inexperienced management driven by fear, not by idea sharing and a desire to improve. The only ones who have survived are the ones who lowered their heads into the ground and keep their mouths shut to anything the CIO said. Managers only have time for their petty squabble and political power play, overlooking the pressing issues of their employees. Inconsistency and lack of transparency in decision making. The constant secrecy about direction, future projects, promotions, salaries, bonuses. Low salaries for the kind of work we're asking for. Cheap and bureaucratic about every single thing. You can't get a sticker without some big manager having to approving it. Technology is from 10 years ago and the technology "leadership" likes to keep it that way. Any project outside of "perl city" is shut down (literally) unless you're one of the few "special people", lone wolves who are allowed to choose any technology they want.