Pros
Still a few good people around. Work life balance is good if you don't need to be energized / excited about the work part (if for no other reason than management has largely given up, so most individuals are free to choose how much time they put into their work vs. home life).
Cons
Lack of leadership / vision. It's been over 2 months since the new CEO was appointed in a (minority) shareholder-led revolt. In that time, we have received zero direction other than "keep doing what you're doing" and vague suggestions that direction will be changing in the future. Morale is non-existent. Extreme & continuing reductions in force over the past 10+ years have eliminated much of the engineering and marketing capabilities of the company. It is likely past the point of no return now -- too much knowledge has already left, or is embodied in people so near retirement that it will never be passed on to new employees (even if the company was hiring any). Future product development spending is fragmented and unfocused. There is simply not enough money to fund both ongoing engineering for existing products, and be successful at developing new ones. This is starving the future revenue pipeline and virtually guaranteeing the eventual demise of the company.