Pros
Work/life balance, 9/80 work schedule, unlimited FTO (dependent on your manager).
Cons
Bought out by private equity companies that are staffed by inept MBAs that replaced all of the original management with their cronies. The company is dysfunctional - not enough staff to meet contract requirements and they're still conducting RiFs every few months. Four years ago they were cutting fat, two years ago they were cutting meat, and now they're cutting bone. Pretty soon the company will cease to function entirely. When they conduct layoffs, they go out of their way to keep it a secret, even lying to your face, right up until they call you into an unscheduled meeting and recite a script about "restructuring and apologies" etc. They are cold-hearted killers.