Pros
If you keep your head down, work lots of free overtime, and are satisfied working without bonuses, raises, or other perks, you might keep your job.
Kontras
Everyone punches a time clock and is treated like an hourly employee, except that salary people are expected to work 45 to 50 hours per work. Employees are watched very closely and will be called out if they are perceived to be taking too many breaks, talking too much, or making personal phone calls. There have been several layoffs since I joined the company. They are usually used to just get rid of people and hire replacements. People have been fired because they had medical issues, family members with medical issues, or because the company found someone willing to work for less money.