Pros
Remote work, vacation, coworkers are usually pretty chill, 3 months on the bench to look for a new job before you're laid off
Cons
10-11K planned to be laid off this year and they aren't going after the worst performers, they're just cutting out whatever section looks good in excel.
Poor profitability. Constant reorgs. Say they're a flat organization but keep getting more and more vertical. the last manager I got transferred to took months to have a meeting with my group and when he did, it was only to let us know we were getting cut, never-mind that we had a presentation on how to save a couple million on a type of software license that the company had to have to do business.
They still use a stacked ranking for employee review, so if your whole team had an outstanding year and surpassed every goal, only 5-10% will be graded as outstanding and 10-15% will get expects more. Even when I got into that 5-10% exceeds, the raise for that year was still only 2%. One year I got a promotion from band 4 to 5, still only a 2% raise. Your pay will be as flat as a plains state.
After 15+ years in this company, it feels like leaving an abusive relationship. Yes, it's not all bad, but you have to recognize that it still wasn't good for you.