Pros
Management couldn't care less what employees do day-to-day, so feel free to come in for only a few hours a day, "work" from home, and wear your pajamas into the office. No one will notice or care.
Cons
Revenue has dropped to a fraction of what it was just a few years ago, and upper management is desperately trying to find ANYTHING that will make a few bucks. Whether it's legal or ethical is not part of their concern. In my time there, I uncovered cases of plagiarism and was aware of several cases of sexual harassment -- none of which upper management was willing to deal with. Instead, they got rid of the "complainers" rather than address the illegal activities their own employees were engaging in. They're shutting down products left and right which led to multiple layoffs and/or not hiring replacements for the MANY people who have left in the past two years. A job here is probably better than the unemployment office -- but not by much. Staying here too long will destroy your career -- and your soul.