Pros
100% telecommute arrangement may appeal to some. Paychecks are deposited as agreed. Most employees are self-managing. Generous time off policy for those with tenure. Schedule flexibility.
Cons
Resources are strained due to deep cuts in staffing, and lackluster performance or even exploitative slacking is tolerated due to fear on the part of middle management that they will not be allowed to replace staff if more attrition occurs (or, perhaps worse, that their own workloads will increase as they are tasked with getting new blood up to speed). Managers conducting performance reviews are instructed to deliver average ratings within a specific narrow value range, and reviews seem, as a result, to be almost entirely unrelated to actual performance. Health & 401(k) benefits are skimpy; bonuses don't seem to be anything more than a mirage. 2014 employee performance goals haven't even been solicited/reviewed/approved yet (in July). Sales staff focus on attaining long-term contract commitments from existing customers, and do not know how to demo products to new prospects (it is, in fact, possible that they have not even witnessed a demo of some of the products they represent). Invoicing of customers is inaccurate and untimely. The "overhead departments" like legal, HR, finance, etc have considerable turnover and new/temp/overburdened staff don't get the job done. Everyone I work with seems simply to be riding this job out as long as he can (each for his own individual reasons), keeping under the radar, etc. For a software developer who just wants to keep up with new technologies & create cool/useful software products, it is just SLOW DEATH.