Pros

There are some good people here, however based on the lay-offs, there are many left
Compensation is good, but not sufficient to make-up for the abuse and lack of respect.
The company does blow >$1M on fun kick-off parties (aka drinking binges)
The senior management never makes any mistakes, as its always someone else's fault for any problems (at least in their minds)

Cons

Senior management does not value nor respect their employees.
Employees are not empowered in the slightest - almost at a level where you need permission to use the bathroom
The company has a whole does not believe in open and honest communications.
Employees are discharged without warning, notice or the ability to defend themselves.
Lots of swearing
Management manages by fear and intimidation
A horrible lack of communication
They monitor and gravely restrict your internet access
Very political company with lots of back-stabbing

Advice to Senior Management

Stop the swearing and get some training on Personnel Management