Pros
Decent pay/benefits although a little below industry standard. The coworkers whom are at your level in the org chart are generally good people.
Cons
The managers mostly stick together and focus how to defend themselves when a crisis hits and don't spend much attention on how to make the workplace a success driven culture. The environment is the exact opposite of what any intelligent engineer would want to work at - management imposes a large amount of arbitrary rules (they need to make it seem like they are doing something even when the rules don't really help at all). They dictate technical decisions that are advised strongly against by the engineers. High degree of micro management seen at all levels. Disagreeing with management can lead to punishment.