Pros
There are none left -- there was once the potential to do interesting work with great people, but those people have all gone and it's impossible to do anything in the chaos that remains.
Cons
They have lost all their engineering talent over the past two years - most of whom saw the writing on the wall and left in disgust before the recent layoffs - leaving them floundering and unable to deliver anything. Their product is mediocre and they have blown the cash and lost the engineers they could have used to develop the next version. Their platform is burning due to incompetence at every level of management, lurching from one bad engineering decision to another. Their response is to spend money putting their name on a neon sign and the side of some car driver's helmet. Spending is way out of control -- extravagant offices in Melbourne, Brisbane and Sydney that no-one asked for an no-one wants to work in. Vanity sponsorships. Jetsetting by senior executives. Outrageous salaries for senior management. The recent layoffs were a surprise to no-one who has witnessed the profligate spending, inexplicable hires, and head scratching acquisitions. Top level management has been stacked with cronies of the new CTO and bullying and intimidation is rife. The way they are going they will be out of cash and in receivership by the end of the year.