Incredibly depressing work environment
Pros
Work-life balance if you don't want to get ahead in your career.
Cons
Non-stop propaganda about cost cutting and improving work environment without any focus on individuals. Many rounds of random lay offs and restructuring in different departments, resulting in even larger bonuses and salaries for senior management and above. Main focus is on "How great do I look in front of directors and VP", while forgetting that content and not pretty pictures matter. No personal accountability. Lots of redundant work for the sake of work. No common sense. Amother big issue is that even VPs don't have any say, except on spelling and choice of charts in the presentstions. Any level below is expected to agree and follow upper command, no matter how ridiculous it is.