Pros
The hours are great and flexible, and they are encouraging us to work from home more. People are getting approvals to work remotely either part-time or exclusively. They are offering lots of online courses for professional development. Also we get lots of vacation time--about 30 days. Hoboken is also a great location to work, especially in the spring and summer because of the pier. They are giving out spot bonuses, but it seems that is only for really extraordinary accomplishments, which there are not many opportunities to achieve. (See cons below.)
Cons
They've downgraded our medical benefits, and the raise system is now based on your salary compared to the rest of the market rather than standard of living or performance. Also, for as many online courses they have for professional development, since they have outsourced a lot of the work to third parties, there are not many opportunities to learn on the job and promotions and moves into different departments seem hard to come by. Also in the research division, the organization is very hierarchical and the mid-level managers get to work on the influential projects whereas production editors are just paper pushers with no real influence. Lastly, when discussing the future of the company, a lot of the focus was on managers rather than all employees.