Pros
The company that I was working for was purchased by Edline and, although layoffs were plentiful, I was asked to stick around and enjoy the free soda.
Cons
Mismanagement from every angle... With information security, procedures, and protocol already in place at a medium/large business, you can only imagine the nightmare of letting a key systems engineer go here and a key developer go there and a key network engineer go here and... It was as if employees were not even evaluated during several buyouts but, instead, randomly picked to stay based on shear luck. New management was so detached from their acquired product that the company almost went defunct within a year and had to be bailed out and bought up by Blackboard.