Pros
The project where you are assigned might be interesting.
Cons
1) Really hard to get the annual salary raise even if you're really passionate and experienced developer or even a "star". Usually you get the feedback like it's a crisis in the company and in the world, so you should wait and perhaps in the future the raise will be accepted. The management doesn't give you any terms and the communication is unclear, in the best case the bonus will be assigned to you(usually 2-5 percent of year salary). The situation can be completely changed if you have an offer from another company and you are really an experienced developer or a "star" in this case the management will find the money to do a counteroffer... 2) Management doesn't care about your personal development, and it doesn't care about giving you a project road map or smth like that. Usually it looks as if you just do some routine job and it's okey for everybody. The less questions you have the better it is.