Pros
It's a great opportunity to work alongside some truly brilliant people. Good opportunity to network with other teams, though you have to put in the effort. Work/life balance isn't amazing, but on our little team, it wasn't too bad. Good pay for the role.
Cons
Our small team went from one uninterested manager to an incompetent one who had no idea what our team of 8-10 people was doing (and didn't seem to care). As a result, the business has been driven into the ground and 80% of the team left in 2 years. Performance management is not remotely transparent and always sits in the back of your mind. One day I was told that I was not meeting the bar in a few areas, despite seven years of positive reviews from managers and peers. I was moved quietly through "focus" and then into "pivot". The reasons given were one-off nitpicky things, but there's no point in fighting, so I took the severance and left.