Pros
Comfortable work environment, you can wear jeans and tees to work Profit share bonuses are given to all employees Merit bonuses given Annual raises Nobody micromanages you in most groups Everyone has access to training opportunities Small company
Cons
Flat structure promotes undercover bullying and cliques Employee retention is difficult in some roles and replacement is slow Salaries are not equitable and there is a lot of variance within a role The ability to work from home in other companies is not possible for most positions You have to perform duties of multiple roles Relaxed environment promotes laziness and eventually leads to an imbalance in workload on a team where some have to make up for the dead weight Some project managers don't understand the meaning of ownership and responsibility, there is a lot of dumping work on others