Pros
None comes to mind. Management is abusive, controlling, intimidating. They lead by fear and intimidate their employees.
Cons
As many people mentioned, performance reviews promotions are not based on merit. Actually my manager used to pull out reviews from thin air. Made up reviews that had nothing to do with my performance. Cronyism was rampant. Hard work and merit will not be recognized. Actually if you are a grad from top schools, you will be singled out. There was a culture of fear and intimidation by management. Instead of managing their employees up and nurturing their people, middle management focused on managing people OUT, by creating a work place so harsh and unbearable. Employees spend significant amount of their cognitive resources navigating this nightmare. Different ideas/views is not encouraged. Diversity is NIL. There is so much focus on getting people out it is unbelievable. The time and resources are spent on destructive activities in this company.