Pros
Headstrong was a great IT Consulting company with focus on Capital Markets Domain. After the global economic crisis strongly hit Headstrong, the company had to dilute its focus to hedge its risks. Since the focus is diluted, the rates charged to the clients had to be reduced too (along with Clients' themselves going through budget cuts). With this, the only way to realize profits was to cut costs, leading to employee dissatisfaction. Headstrong is still a great place to meet like minded Technology specialists and folks with strong Capital Markets business knowledge.
Cons
Due to the acquisition by Genpact, and the subsequent loss of erstwhile management, focus on IT in general has gone down. Due to the existing loss of bargaining position and a higher focus on profitability, especially through cost cuts, Headstrong is neither able to nurture, nor retain the talent. It is still a great place to work in a managerial position due to its unique challenges in Cost (Scope and Time remaining constant).