Pros
Coworkers for the most part really help each other out, although it is fairly cliquey. Enjoyed being in the downtown environment. The new CTO seems like he is sharp and can potentially pull IT out of the negative tailspin if he spends real time with the people who are actually doing development, testing, monitoring, etc.
Cons
so many .... with such low morale, and a couple of layoffs, there are very few people there that have any real historical system knowledge, and the subject matter experts are, with a couple of exceptions, people who have only been around a short while and have to support too many systems. For as long as I worked there, it was a blame others environment. Instead of feeling supported and defended, I always felt like I better not make a mistake because I would be made to remember it forever. Probably the worst thing that was going on when I resigned was that the middle management was trying to shield the new upper management from the realities of what was going on with their people. I have never seen such bad morale, and most of that in my opinion is due to middle management. The ones I knew do not seem to care if they make false promises, and make no secret of who their favorites are, and if you aren't in their special group, you won't be made to feel like you should not be in the room, but definitely not especially welcome. also, the pay is pretty low and commutes are rough unless you are right on the light rail or close to down town.