Pros
We have a history of overcoming adversity. New management is intelligent and has calmed Wall Street. However, our plan is still not cohesive or necessarily "strong". It also seems to be highly dependent upon our primary, large competitors not creating a similar plan with greater efficiencies and cost-effectiveness - In other words, there is a better than average chance that they will do it better than we will.
Cons
Once a deep, energized, positive culture is now a feeling of simply "having a job"; many people spend time worrying about the stability of the company and/or their jobs. They also spend time brushing up on their LinkedIn profiles and job-board sites (like I am doing as I type this). There is far too much work (staying competitive has created "new"/additional work), but we have fewer people at corporate and in our store roles to accomplish that work with excellence. Often, it's not accomplished at all.