Continues to get worse and worse and worse...
Pros
You can get away with sloppy work if that's something you want to do.
Cons
Increasingly Toxic culture Any kind of frustration, discomfort or dissent is viewed as a flaw of character and the person voicing their opinion is always categorized as negative or conflictive. Low-performers are rewarded and high-achievers over-looked Leadership refuses to listen to IC's and displays a marked bias for managers who buy into the narrative that everything is being done perfectly and anyone who says otherwise is a negative influence. Conflicts of interest People in high positions are being brought in with no hiring or selection process, just buddies bringing their buddies into it. The only remnant of a hiring process is referrals; there are no filters, no recruiter interviews. If you're friends with one of the execs, you're in. Optics are far more important than competence. You get a lot more recognition from talking about past achievements than you get from doing actual work.