Pros
My product team was fantastic, from the VP to the newest support employee. In the office everyone was treated with respect, and this was what I observed of other product teams in our location. The kind of place where sometimes employees left an hour early, or took a long lunch, but we were all willing to stay hours longer, work from home or come in on the weekends, not because of company pressure, but because of pride in our product.
Cons
Instead of promotions from within, someone would be hired from outside the company who never had much experience with our products. Decisions would be made about products and teams with that same lack of understanding or experience. My biggest problem was their willingness to dispose of dedicated and committed product teams who were personally invested in their product, in favor of offshore workers because it was marginally less expensive.