Pros

Sometimes innovative if the CEO wants to pursue a new fad or technology.

Cons

Lets get the obvious out of the way. Not a good idea to seek work in a depressed industry. And It becomes a really bad decision if you choose a poorly managed company like this one.
Senior Management is the real problem here with very inconsistent communication, strategy and execution. Even given low marks in Builder Magazine by their peers.
In spite of the representations by HR and hiring managers, policies and procedures are not adhered to, career path depends on favoritism and results are achieved through bullying and partiality.

Advice to Senior Management

Won't ever happen but need to replace the CEO.