Pros
You still get steady income which is more than enough to at least live in Singapore although a lot lower than standard market.
Cons
Employees are being asked to give it everything they have while the company gives 'peanuts' without matching appreciation (the company is having good business but still cutting the bonus). Downsizing manpower too much while reducing 'token of appreciation', thus giving much more workload to the employees. Non-degree holder is unable to get promotion to be engineer level. The top management thinks they are moving towards the correct direction while they actually don't know what is the root cause of current bad situation. No proper training for fresh graduate. The management keeps shouting to everyone that they are supposed to be a thinker while their treatment to employees is not nurturing the employees (the opposite, the treatment makes the employees to be yes-man people). Another thing, HR keeps saying that there is good worklife balance here, but in reality there is no such thing as worklife balance here. If possible, work 24 hours without OT pay (the management really asks the employees to stay back without claiming OT).