Pros
Easy work to do because standards are getting lower. Do not really have to work hard because there is nothing to lose bonus wise. If you want to keep your job, doing the bare minimum is okay. A bright side is almost everyone feels the same way.
Cons
Bonus is almost gone. Raises are close to zero. The company is past heading in the wrong direction, they are at the bottom of the pit. HR has hurt company culture and moral that people do not care if they get let go. Benefits like consignment watches are a thing of the past. The company has gone cheap on 5 year interval service awards. Health insurance benefits are getting very expensive. No more summer hours. Office desk employees are treated differently than manual labor employees. Manual labor employees had over a week of vacation days stripped from them because of modified work schedules due to COVID-19. Office workers did not have days taken from them. You will never receive any respect if you are manual labor employee. Management is sloppy, especially all the top executives and HR. You will want to leave after a few months, after the fresh feeling of working for a new company wears off. Unlike in the past, employees are always unhappy and complaining.