Pros
Due to the stock price, overall pay has increased. That is it
Cons
New leaders are very, very hierarchical and will not even talk, look, acknowledge, or communicate directly with you if you don't report to them. Yearly stock grants in dollars have been reduced significantly. Happy hours and together (they were all very reasonable and not crazy start-up like parties) have been stopped. This helped increase the morale. The yearly holiday party was pathetic. Job security is not there at all. Even if you are a rock-star performer, your job is not secured. Even the managers are worries about their jobs and are vocal about it. Once the old grant is vested for existing employees, the total pay will be much lower due to a lower stock grant. For new employees, the sign-up bonus and stock grant are minimal.