Pros
I worked for a company that Globalive purchased. First thing they did was let everyone who made $100K an up go, which was a positive since the company was too small to support the top heavy structure.
The company I worked for became better managed or more professionally managed, not sure if this was a pro or con since previously at staff level there was a feeling of family amongst the staff.
Cons
Globalive unilaterally imposed new salary conditions on remaining employees bringing down top staff salaries to $80K per year