Pros
If you only want to not do a lot while "Home office" you can do a bare minimum and everything goes fine. They have this app HappyFoce and are worried that you click that you are happy.
Cons
At the moment you try to go to office everyday and try to get yourself noticed... stuff goes bad. There is a lack of control and feedback so not you nor your manager know how are you doing, if you go fast or slow, however they notice even if you sigh and that is the kind of stuff that goes into the 1on1 meetings. The technical debt of the projects are massive, code is repeated several times, entire code files are repeated several times with (sometimes) minor changes, making yourself never truly understanding how stuff works, which files get compiled and which don't, nevertheless they expect you to understand how stuff works. If there is an issue you need to fix, you may pass hours tracking files that might not even be compiled in the first place. The entire code base has 16 million lines of code, that's comparable with the 25 million lines of the Linux kernel, just with far less programmers. They have a "training program" where they explain a lot of things you never end up using for your job rendering the first month of work essentially useless. About documentation, they have a wiki which should have documentation about how stuff works but articles are so random and not indexed nor structured you can pass hours searching between articles to find something that might at the end not even be documented. Code documentation is nonexistent. The version control is SVN (that's how old stuff goes). Once a year they have a general meeting with everyone to see what can be improved. That meeting is useless, the same things said last year can be said again this year, nothing changed.
