Pros
in past years it used to be a sweet office. no management interfering with your daily routine and you can do whatever you want, basically. still the same, but then nothing gets done and quality of work sucks. pay reflects this work.
Cons
Some people need management. With no managers nothing gets done. Yeah its nice to not be pushed to have more productivity but on a team of slackers it gets depressing. I did not have to try to be a top performer, i just did work. Now everyone realizes pay is 50% of market rate in support and they are announcing promotions that DID NOT HAPPEN. Management blames upper management and we never get an answer for why people are stuck in entry level work and why people are leaving for double-triple the pay elsewhere.