Pros
The people are great. They are smart and friendly and generally willing to help out when they can. The benefits are above average. Work schedule is flexible with regard to working from home when needed. You can have dogs in the office.
Cons
Management has not demonstrated the ability to maintain focus on a single plan for the future. Much of the downward spiral that was the last two years I would attribute to the constant thrashing of priorities as everyone was changing focus to work on the "new" big thing. The end result was that nothing got accomplished and all of the products were left woefully behind the competition. Communication is not as transparent as it could be. In a company this small, it is critical to keep everyone in the loop of what is happening. This was not always the case. Often things were simply not shared. Other times only half truths were shared or data was misrepresented. No one is asking to be at the table with the executives. All the employees are looking for is open communication about the direction of the company and the plans for the future.