Pros
A virtual paradise for people new to day-side editorial work. Come in at 8 to 8:30 a.m., leave 4 to 4:30 p.m. Easy-to-handle workload vis-a-vis more demanding editorial jobs. Collegial environment, full amenities, super location for commuters. Very generous benefits.
Cons
Management apparently can't distinguish great editors from good or subpar editors, so opportunities for promotion are virtually nil — unless you're in sales/marketing, in which case you can move out of the cubicles quickly and into an office. "Lifers" can bog down simple operational processes. Quite hard to "work the room" and build your personal reputation among other potential managers who could promote you; far too "chain-of-command" oriented, which allows credit-stealing managers to keep their iron grip on cushy jobs.