Pros
None that I can think of. People are nice and talented, but they are leaving by the hour. At this rate, the CEO will be the only employee left in a couple of years. The only pro is that there is enough parking spots for the ones who still remain.
Cons
If you skip all of the fake good reviews that have sprung "spontaneously" over the last few days, you can grasp the reality of this company: bad salary, insensitive upper management, complete lack of direction, and the list goes on and on... The latest bomb in employee morale? Micromanaging! Employees need to write down every single discussion that they have, as well as fill in a time sheet with every little task that you do. Never have I ever in my life seen something like this in a software company, and I might never seen it again. With every new ridiculous thing happening every week, one can think that upper management is trying to literally boycott this company. In other words, we shouldn't be worried about competition as much as we should be about our own dictators... I mean, executives.