Pros
Manager lets me set my own work schedule, within reason, as long as all work is completed with no complaints about quality or timeliness. Low stress/pressure for decent pay. This changes drastically at the high-end of the food chain, as the company has no trust at all in low- and mid-level employees.
Cons
Manager is utterly unavailable if help or escalation is needed, and mostly unresponsive to anything other than system-generated requests or escalation from higher about an issue. This is not uncommon across multiple teams and org structures. Pay is generally at or below the low-end of market rate. Rampant sexism, especially from native Indian co-workers (of both sexes, interestingly enough). Internal advancement for non-Indians is next to impossible. Very senior management approval is required for the most simple and mundane of tasks. Labyrinthine internal systems don't work with each other well, creating lots of wasted time and frustration banging your head until you give up or figure out the one combination that actually works (or remember that in some systems hitting backspace/delete is considered a SPECIAL CHARACTER and NOT ALLOWED, and will also SIMULTANEOUSLY send you back a page in your web browser because WHY NOT.)