Pros
There is job security. I'll give them that. They rarely fire people. It would explain the caliber of employees that have been there for decades and the dead weight. The smart ones leave eventually due to the burnout.
Cons
They micromanage everything. The latest is that they are forcing employees to go to their assigned buildings with assigned desks, even though they don't have enough desks for their employees. Additionally, instead of assigning us to the building that makes the most sense for our commute, they are forcing us to buildings that double people's commute. They have us documenting our time even though we're not doing any type of consulting. This started during COVID so they could keep track of what we're doing while working from home. Essentially, they don't treat their employees like adults who know how to manage their time and be productive. They have slowly moved us back to in-office 40% of the time even though everyone here can do their job remotely. Forget about the flexibility of working anywhere else but your listed address. They are so behind on the times. This would be bearable if they paid a decent wage.