Pros
They are still getting investment $$$ from the parent company (Aegon). But one has to wonder how long that will last with the level of dysfunction...
Cons
I've spent 25+ years in IT and seen many struggling IT organizations as an employee and as a consultant, but this one is just absurd. ZERO trust between IT and Business. Full CYA mode from the top down. They use all the right terminology (collaboration, one team, etc.) but have no interest in actually doing any of it. I was literally reprimanded by my VP for daring to have a collaborative meeting with business leaders. The first day I was employed (and MANY times afterward), I was warned not to trust the two key business leaders I was supposed to be aligned to. As a result, there is no long-term or strategic thinking and TONS of technical debt that everyone just wants to kick down the road. And they place absolutely NO value on technical expertise. They want the cheapest body they can put in the seat. Quote from the CTO: "We see no value in having SMEs."