Pros
If one thing hasn't changed over the years, it's that I still working with great, smart people. My work and life balance remain unchanged as well. At least in the development department, our time off is considered flexible and within reason. I feel very comfortable with my team and manager. I believe my manager has interest in furthering my career to the best of his/her capabilities. Despite the recent layoff, current employees still get to enjoy the free drinks and snacks in the kitchen, the yoga/boot camp classes and other benefits. They still continue with fun company-wide events like salsa contest, field day and holiday parties. The healthcare is pretty much the same as before.
Cons
The direction of the company has changed in such a way that makes the future of the company very unclear. The strategy changes over and over, with the hopes of finding something profitable, but we have been abandoning projects that were highly invested in previously. This type of change has dissolved sometimes either completely or moved people around, possibly onto things they are not as enthusiastic about. Echoing what others have said, the company is hardly diverse. There is some diversity in development, but the same can not be said of other departments. It's not a requirement for me, though, if we are choosing the right people to get the job done. The amount of communication from top-to-bottom is much less than before. It also seems like people are giving less effort in making information accessible or easily understandable. Some people, managers specifically, are still being over-worked with the amount of responsibilities they have. Most individuals feel like they are spread thin with the amount of projects they have. Recent departures have caused teams to be short-staffed. The pay is still below average.