Cons

1. Employees are disposable at every level 2. Very few career opportunities (no job openings in sight) 3. Salary is meh unless you work in the tech orgs 4. Merit salary increase is max 3% year over year (3% is for overachievers!) 5. Incredibly slow at implementing anything new; product intake is a nightmare to submit 6. In many orgs, I see "Peter's principle" showing (people promoted to people management that have zero to no human skills and are actually awful managers) 7. A lot of micromanagement 8. Senior leaders shifting around every couple years and subsequent staff reshuffling, layoffs, org renaming resulting in nobody knowing who does what for months at a time