Pros
Loads of autonomy and opportunity to own the set of responsibilities a specific role has. It’s a good place to learn and grow as long as your goal is to learn and grow and not to boot strap your way to some jive-assed job grade change by stepping on the necks of others.
Cons
The downsides revolve around a healthy dose of senior and executive level managers that are half involved in actual business issues. It’s very typical for leaders in the organization to devote the bulk of their time to their own career management and coordinating, not for actual business results, but rather to position material for the next ppt review. This issue often leads to hazy business goals, bailing on business vision and frequent organization restructuring – all of which leads to creating a vortex of crushed morals and ambiguity on purpose of walking into the doors each morning.