Pros
Direct Manager was pretty decent, tried their best to be supportive and smooth through any difficulties from senior management. Colleagues were nice too. New CEO has realised quite quickly how shambolic the organisation is and is taking steps to preserve the organisation as best he can. Example of having some fresh perspective.
Cons
Senior Management have been in-situ for 15+yrs, many of them straight out of school. Their knowledge of industry practices is woefully back in the stone-age. There's a lot of jockeying for position, with a lot of large egos looking to be stroked. A lot of bickering between department heads. nothing gets done. There's a reason they are within a hair's breadth of going bankrupt. HR is one of the most bloated departments and very little will be affected if the team was cut by 75%.