Pros
If you were to ask me 5 years ago, I would have said that it was a great place to work, good benefits, good career development opportunities, great people to work for. Now, as many others have posted, it's all about the bottom line. I understand that the company is in pretty dire financial straits, but management says it supports its employees and considers employees a critical asset, but then doesn't act as such. Ever since Rogel took over the company, it's been a steady slide downhill.
Cons
With the current environment, benefits aren't what they were (but are still decent I suppose), the direction of IT management is pretty frightening when speculating about succession plans, and when the company starts picking up again, there aren't going to be any knowledgeable people left to help support that growth cycle.