Pros

Good Pay, Benefits are still not too bad, vacations - if you work in a team environment you can still receive praise from your matrixed leader for a job well done.

Cons

A very stressful place to work in the current environment - words like trust, integrity and respect went out the door with Mr. Wagoner. Now, fear and paranoia reign supreme - it's suddenly everyone for themself. You go to work every day not knowing if it will be your last day. The Zero Based Staffing initiative was a joke - used purely as cover for demoting and releasing (mostly older) people based on extremely subjective decision making. Not a very pleasant place to be right now. In two months, the current administration has destroyed a corporate culture that was 20 years in the making and finally starting to gel.

Advice to Senior Management

Get some new HR leaders along with some outside OD talent and see if you can repair the damage - probably cannot be done until this current crisis passes but definitely needs to be done - otherwise the organization will implode within a year just due to the cronyism that is now running rampant.