Pros
Once was once a small software product ClassMate, owned by another smallish business empire called ClassLink. ClassMate at that time was a great place to work, great team, there were cons but it all somehow worked out and everyone got along, built/supported a good product, and cared about our clients.
Cons
Harris Computer Inc. bought ClassMate product from ClassLink and it all went to crap. Typical 'giant company' problems now became our problems - disinterested top management, uninformed decision making, unrealistic goals based on incorrect understanding of what the product was and was capable of, and heavy handed management style of people who'd previously proved they didn't need such tactics. "Downsized" people were CLEARLY chosen by age and salary, not performance reasons or seniority or merit, etc. However, offers of 4 to 8 weeks severance pay on condition of signing non-legal-action promise meant everyone felt obligated to sign and get paid to find another job....