Pros
Honestly, for junior staff this might give you a really good perception of what a bad working experience you will have as part of your career. I don't have a lot of good things to say. Staff eventually realise they are all in the same sinking boat and you get some good friends for life.
Cons
Favouritism to some ... no appreciation for the real talent of others. Insane long hours, Lack of resources, Lacking staff, No transparency, Dubious KPI choices from top management, No time for training, Countless wasted hours with 'Leadership Panels' Wasted hours in long monthly meetings, Terrible compensation, No Perks, No Bonuses, Unless the top management accepts you in their inner circle, you might have some chances of getting "appointed" for a promotion. Try to join the club and you might raise your chances.