Pros
There is no shortage of great people, teams, and wizards that have kept this rust bucket afloat, or have joined with bright eyes with dreams of a great workplace and purposeful mission. If you're not a manager, director, or VP, you'll be supported by those in the trenches with you. You'll know who the battle-tested veterans are who know the secrets to surviving, and who the ones that are still recovering from whiplash a few weeks into joining. The company operates in a space which is solving a real problem that benefits people. Many mistakenly still believe that this is the primary mission. There used to be great focus, planning, strategy, and execution at most levels. There was a competitive edge, an engine of immense growth, and a shining future. Once upon a time, during the stable eras, you would enjoy great benefits around health and family, meaningful work, and you were treated like a person. Hell, you might've even thought there was a good culture. But these times of old have long passed, and this stark fact is palpable at every level of the organization.
Cons
This is one of the longest games of hot potato and musical chairs I've ever seen. But someone is graciously paying for it all, so the game must go on. There is no cohesion, structure, guidance, or any proper training among teams. There's very little (serious) interest in building any long-term value, and zero accountability from management for all this. Every quarter there is a new direction, a new mission, a new initiative, or a new goalpost. Half the time things are getting canned, the other half things are getting to customers half-baked. No one can explain why, and the further up you go, the more vague and arbitrary it gets. If you peel back the onion of despair, some teams are barely treading water with a view to the next quarter at the farthest. Teams are frantically pleasing managers, who are frantically pleasing directors, ad infinitum. Just keep swimming until you can't, then keep swimming some more. Many have already drowned without much commotion, but no one dares look back, and the quarterly KPIs must flow. Management is perpetually in a state of a puppet learning to walk, except it's head and limbs keep falling off (or forcibly removed), only to be haphazardly repaired with twigs and glue. The good leaders have all left, and the ones that still remain, their passions extinguished. You can chalk it up to growing pains, but after so many years I'd describe it more like the pain that accompanies a cancerous growth. I don't write this lightly - I've seen my fair share of infighting, undermining, rug-pulling, factionalism, power struggles, and turf wars - and all before our morning stand-up. As everyone has said before, you better be sure you are on the winning side, or you end up in the mud. My 2 cents, this culture is better suited for a civil war in a dictatorship state.