Pros
It was a great company a few years ago. You got career opportunities, the people was always kind and the general mood was good. The software side was always kinda crappy, but other factors helped to ease that. Individual developers cared about that and tried to solve the problem. Sales... was just sales. You were able to learn (by yourself, but you could). Sadly, the money flow seemed to stop due to awful management decisions and the company is facing massive layoffs, salary reductions and late payments. You won't be able to do anything else than maintaining a dead code base (or trying to sell it)
Cons
1- Historically awful management. Unskilled, paper-pushers and power-hungry individuals get promoted exclusively. They take important decisions without the slightest knowledge of the matter. Skilled people is starting to be demoted or just laid off because they're problematic, or just too expensive.
2- Bad management decisions stopped the money flow after a relatively long time, powered by the recession. Their main product is broken, totally outdated and is being quickly replaced by competitors.
3- No more good mood anywhere. Everyone is paranoid about being laid off, or being overseen by his/her direct manager. You can't have an honest discussion about the simplest workday problem with anyone.
4- Laying off people doesn't get work out of your plate. You'll be required to do overtime every single week.