Pros

It is a very casual work environment. There are a lot of healthy activities outside the organization. Semi-competitive benefits and salaries.

Cons

There is a complete lack of leadership from the CEO down. The management doesn't seem to understand how to run a company. They are more interested in gathering more direct reports than utilizing the people they have. Entire departments are picked up and shuffled to other groups without any thought put into it.

Employee turnover is tremendous. In some departments it was 100% in just a year. Money is wasted on projects that never get started. Resources just sit in the corner never to be used. This is not a company that will empower you to get stuff done.

Management reviews are consistently late and not relevant. They are more interested in attacking you on the negatives than celebrating the positives. No training for manager or supervisors so that they can be placed in a position of success. Several manager where promoted, then abandoned, then terminated because they didn't meet their objectives. This was a no-win situation for many.

No clear leadership or planning. This was apparent by offering a 401k match to have it removed less than 6 months later. It shows poor planning and lack of vision.

Advice to Senior Management

Take a serious look at who you have running your company. Several VP's and Directors are more interested in empires than what is best for your company. I strongly encourage you to also look at the ethics of several of them. If you're going to succeed you are going to need to do a LOT of house cleaning.

If whole departments just up and quit I would not be surprised.