Pros
The severance package is pretty good.
Cons
We were acquired by Moody's at which time an announcement was made no layoffs. I've been through many acquisitions, and there is usually a little transparency about this stuff, and they did a layoff only a year prior. Then I was called into a meeting about standard monthly processing, which was a layoff instead. Again, I'm used to a bit of honesty. I was not allowed to pack my own stuff at my desk, instead they mailed it in a box with a hole in it, two weeks later, after picking out what they wanted to keep. About $500 worth of stuff, including a stylus and its charger (not stored together at the desk), a large roll of art pens, a pack of maxi pads (clearly, they could not think this was company property) and a sit stand desk never made it. If you work there, keep nothing of value at your desk. Carry it with you at all times. You may not get to go home with it,