Pros
Job stability. You'll literally never get fired no matter how bad you are unless you are actively attacking upper management. It's a joke how some people can continue to maintain jobs when they consistently perform so poorly.
Cons
New leadership does not understand schedules or how to pace the software development. God forbid the customer should indicate the slightest frustration with the timetable of the project you are on - you'll be expected to work OT for the foreseeable future (which is a flat $25/hour for an extra kick to the teeth). Also extremely petty (they remove reviews here they don't like). Impossible to get a pay raise outside of HR's fixed brackets - which are the same regardless of whether you are the reason the project worked at all, or the guy who can't code a Fizz Bizz. The software "solutions" we are supposed to implement are just kludges. Software has no ability to innovate apart from what Systems tells them to do, and they haven't the slightest idea how the software works.