Pros
Relaxed working environment, friendly colleagues, benefits package good
Cons
Company undergoing existential crisis - traditional scientific publisher struggling to adapt to 21st C digital / social networking based publishing paradigm. This has created an environment where many senior managers feel the need to have 'good ideas' in order to build their own careers, no matter what the consequences to staff at lower echelons. These have resulted in an endless series of half baked restructrings, causing a large volume of experienced staff either to be shed or leave of their own accord, not helped by the insistence on introducing stifling centralized process needlessly disrupting once successful business units resulting in a general nose-diving of staff morale. Poor prospects for genuine advancement - seems based on keeping your head low and currying favor with the right senior managers. At best, if you're good at your job they feel no reason to move you out of it.