Pros
Ok pay, good benefits, and easy to coast.
Cons
Lots of technical debt as a result of frequent re-orgs. A lot of modernization efforts are abandoned as a result. Though generally not opposed to change, many of the workers are very old-fashioned and hold entrenched ideas and habits that make implementing process changes very difficult. It's like herding cats... Often, workers haven't even heard of widely accepted new tech and look at scripting as unnecessary wizardry. I've written scripts to automate entire workloads only to have more veteran team members forget that it existed and waste dozens of hours completing it manually. At the same time a lot of people take on too much work out of a sense of duty and then complain that they are overworked. No possibility of beating inflation with annual raises without promotion.