Some of IBM STG lives and thrives, but the cost cutting cancer will terminate this patient.
Pros
There are areas within STG that truly have innovative projects underway, excellent management, and clear directions to a solid future - Alas, this picture is far from normal. I would estimate that only 3-5% of all STG employees can claim this view at any one time. The vast majority of employees, including management below executives, are at the whim of the cost cutting machine run by corporate that takes nothing but the bottom line into consideration. The best reason to work at STG? Easy - the hope that one day you too will see your thoughts and efforts used by millions of people, and they like it.
Cons
The primary downside is there are no upsides; either you perform or you are marginalized and pushed out. Cost is king, and this king is myopic in approach. There used to be (1980's -) "respect for the individual", meaning every employee was an asset to be cherished. Today every employee is a line item liability, and the only asset left is revenue.