Pros
If you live nearby then the job is nearby
Cons
It's a lot like a dictatorship. People up top do whatever they want and when things go south the people at the bottom suffer through pay cuts and layoffs. Morale is terrible but everyone is afraid to say what's on their mind because they don't want to be the next casualty of a sinking ship. And if you are willing to tell management how you feel about their business practices then they will take offence to you standing up to them. But it won't be your bosses who talk to you, no, they'll sit you down with someone from HR who doesn't know you or anything about your job and that HR person will tell you that if you aren't willing to conform to the whims of management then you aren't welcome in the company.