Pros
Before original CEO left, the company had a very "we are in this together" attitude, which created a sense of camaraderie and collaboration where all employees felt valued and their contributions truly appreciated.
Kontras
Most managers at the company have technical backgrounds with little to no experience actually managing and leading people. They are promoted out of technical roles they are actually great at and made into people managers because the company had no clear career paths laid out for people who achieved their level of expertise in their respective technical roles. They were basically "failed forward" not by their failures, but due to the company's failure of career path vision, and as a result, most managers have no idea how to actually be good people managers and fail at it regularly. Managers stopped collaborating with their teams and employees were basically turned into task-monkeys. Management adopted a "your input no longer matters so shut up and do the job we tell you to do or get laid off" attitude. It became an incredibly toxic work environment.