Pros
The building is air conditioned. Parking is free. Surviving executives are making a lot of money.
Cons
Pay is stagnant. Benefits have been reduced - some (like severance) without notice to employees. Management ignores the circumstances they create that runs off customers. Once they realize the rush to the exits, they ask, "What happened?" To save money, corporate shifts costs to employees to pay out of their own pockets (hotels, cars, airline), with the promise of reimbursement. But reimbursement takes so long that employees incur interest or take hits to their credit status. Travel approval is so cumbersome and lengthy that employees have to book necessary travel without approval and hope it comes through. Corporate won't support associations or go to conferences necessary for customer relations, networking, and SALES. Other divisions falter and successful divisions have money siphoned off to prop the losers up. Then when the good divisions show less profit, corporate lays key employees off from them. Long hours, disjointed management structure, asking employees to do management work without compensation.