Pros
The people made it worthwhile staying. If you are lucky, you get to work with incredibly bright people who have great commitment and drive. You might also get lucky and have a great manager. Bonuses can be incredibly generous.
Cons
Massive structural changes being experienced to drive cost out, changes determined via desk top review, and little in the way of taking the time to understand current resource strengths and skills. Little to no change impact assessment completed and telling the story leaves a lot to be desired where authenticity doesn’t meet reality experienced by their people. The idea around this transformation was to make it simpler to get things done, however, what has ensued is a need to get things done with less people and no support to drive the culture, even less to hold people to account, with constant finger pointing / blaming others. It’s all smoke and mirrors with our senior leadership. The top layers are sadly out of touch and haven't listened to their leaders or their teams for far too long and recent changes have resulted in even poorer culture and a drop in engagement, which would account for absenteeism and productivity challenges being experienced. There was a drive to bring people back into the office, but done so in a way that has brought about challenges in what was once a flexible workplace, resulting in their people no longer feeling valued for their output or for their delivery. Rather than developing leaders to support them in managing performance and accountability through results, best just to bring people back into the office by connecting hybrid to the bonus structure.