Pros
Good redundancy packages. Some really great and hard working people are still there. Well meaning but misguided.
Cons
Times have changed. Staff are miserable with most hoping for redundancy and it now rewards arrogance and promotes egotistical psychopaths. Allows people to push through pointless and sometimes detrimental projects and changes just so they have something to put on their appraisal (and show how well they're doing). Tries to save money by doing petty, irritating things like doubling the price of coffee, then wastes huge amounts due to incompetence and short-termism - for instance by continuing to pay people after they've left. Gradually outsourcing as much as possible to the detriment of quality and efficiency. In the wake of media criticism a PR firm was hired to manage an internal propaganda campaign even North Korea would look down on. Invented a set of Barclays 'Values' which are an insult to the intelligence and decency of the staff. Cultish belief that a day being taught 'integrity' by an MD is what's needed to improve the business, not realising that if people don't have integrity already they never will. Statements announcing the weekly departures of top brass include lines like 'Mr X has retired from Barclays' when these people had left for another job. Generally a demoralising place to work. Previously under Bob Diamond there was a sense of togetherness and purpose - this has now gone.