"The place to be" has become "the place to leave"
Pros
1. Decent, committed colleagues who for the most part are dedicated and competent, whatever a few sulky interns and entry-level employees may say here 2. Starting salaries better than most book publishers 3. They haven't totally lost commitment to quality content, though it's slipped a bit in the pursuit of 'cheap' and 'fast'
Cons
1. I draw your attention to item #2 above--keep in mind this is a low-paying business to start with, so salaries really could be both a 'pro' and a 'con' 2. Corporate culture has changed quite a bit in the last two years; it's definitely lost the collaborative spirit it once had. Nothing matters but cost-cutting 3.Commuting to Hoboken adds quite a bit of expense to the commute 4. Opportunities for advancement have never been great and are now virtually nonexistent. If anything, you're lucky if you still have your current job a year from now 5. Salaries are still OK by publishing standards but nonsalary benefits, which were once stellar (again, by publishing industry standards only), are being systematically eliminated one by one. 6. Indifference to retention of employees. It's just one less expense.