Pros
Promotes work-life balance for individual contributors. Most teams seem pretty happy and led by good managers.
Cons
It's hard to get to director-level or above unless you're an outside hire. Recent leadership hires don't care about the company as much as people who have been there since the early days. A lot of people who helped build the company have left or been sidelined in the last couple of years, which is too bad. When both Dave and Aneel were in charge, Workday had a good balance between vision and growth. Now that Dave (the visionary) is retired, Aneel (the venture capitalist) focuses more on growth. Some of the recent senior leadership promotions are questionable. They seem to be driven either by proving that we treat our acquired companies' leaders really well, or by rewarding sales-focused people.