I will preface this by saying that there were no cons about working on the ops team. Also, ignore the CEO rating if it still says Jonathan Johnson is the CEO - he's not. When I left the co-CEOs were the Dave Nielsen and Adrienne Lee. I have no idea how to rate them because the only big thing that happened under them was the 2nd layoff of the year (or was it 3rd? I lost track).
However, being an ops engineer you get exposed to all sides of Ops and Development. There are quite a few developers that seem to not really care about the product(s) that they work on which ends up becoming an ops problem because their alerts become our problem. There are also some people with lofty titles that don't seem to know what they're doing and it's shocking that they survive the layoffs when I can almost guarantee that they are being paid much, much more than the folks on the ops team that were laid off.
Then, the layoffs. There were three during my short time at Overstock. The first two rounds hurt but made sense because they affected business units that were well overstaffed. This last one was...interesting. Having been part of it, the process was incredibly heartless and came at a horrible time (December is an absolute dead time for hiring) as if paying these people their salary for another month would have tanked the company. They let go of a lot of really talented folks that made a positive impact on the company.