Pros
they’re constantly hiring for the same departments they’re doing layoffs for, so this is good for the newcomers. Also the management aren’t that competent. So you won’t be put to work. For some that’s a pro.
Cons
Constant layoffs, annual Christmas layoffs every year (so the affiliations/mergers layoffs aren’t really “change”, they’re “more of the same”). Leadership is constantly firing people and doing reorgs (which means, even more layoffs). Leadership is very proud of this, boasting. At company wide meetings employees even say are we even going to have jobs. That’s how unstable this place is. Layoffs are not new to this organization. “Change” for this company would mean “stop laying people off”.
When you join this company, you will notice a competitive environment and very little productivity. Rather than joking a team and getting to work, these people need to play game of thrones, and very little gets done. It is an incredibly boring job.
Do what’s best for your career and sanity by avoiding or leaving this place.