Pros
Good compensation, extremely talented engineers, good engineering managers, good product-market fit
Cons
Lambda began growing insanely fast around 2023, and a massive vibe shift (for the worse) came with that. The CEO is smart but checked out -- too busy talking with investors and big customers to actually run the company. The woefully inexperienced CTO effectively runs the engineering org, and does a terrible job of it. Demands micromanagement and extended hours from managers, and makes rash decisions that nobody else agrees with. An engineer that wants to keep his job (I say his because there aren't any women engineers at the company) needs to exert a solid effort managing the feelings of senior leadership, because your actual manager won't necessarily be able to do it for you. Even then, prepare to find yourself re-org'd against your wishes and without any warning. Lambda used to be a great place to work, but after the early 2023 pivot, it's a completely different company.