Pros
If you are a jock - or athlete wanna be - you can find a lot of ways to waste time and not work. There are some smart dedicated people but they are the minority by far.
Cons
Boys club, with frat- boy type bad behavior that is ignored by mgmt. Technology is about 30 years behind industry standards, with some smart, hardworking people trying to make that work by putting in long hours in highly reactive environment. Managers not held accountable to follow company policy. Too many people who aren't qualified for their roles just move from one job to the next with no accountability. Top heavy management, too many Directors with no management skills. Agile principles are only applied as convenient, not fully embraced. High % of contractors puts heavy burden on FTE's to bring them up to speed while doing our own work. No assigned work space causes lots of wasted time and loss of efficiency, and is demeaning to employees.