Pros
You get a paycheck, this week.
Cons
This CNN headline on 1/31/24 is exactly why I left years ago as these so-called leaders were doing the same thing; cutting staff under the thin veil of what they called "co-location". It is nothing more than that. My advice? Leave! Your quality of life and career will improve, drastically. Just ask anyone that took the leap they'll all tell you the very same thing. There are still entire teams that even when on site, work at great distances from each other across vastly different time zones; they are not working together even when in an office - it's a ruse. Those of us that built what used to be idolized as the great IBM of old, is long gone. We built IBM's reputation - not the recent leadership (if you can even confer that on them). Also long gone and buried with Old Man Watson (9-edge, face down as they say) is the company's original mantra - "Respect for the Individual" and "Think" there is no respect anymore - and these greedy executives don't and can't think; employment is purely transactional and employees became faceless widgets long ago. Current employees are paid just enough but have been loaded with FUD - too scared to leave and ridden by first-line managers that only carry out orders from above after getting their spine-ectomies. Those with skills and value can do far better elsewhere and avoid getting stomach ulcers from living under constant anxiety. The new generation and top talent demand remote work options. My advice to you is this: take a clue - exclude Big Blue from your short list of best places to work, unless you want to work under constant FUD. Don't walk away - run!