Pros

Work/life balance, pay is good, there is great opportunity for learning and growth, rewarding experiences when working with dynamic and creative people.
Fast paced, dynamic, requires self motivation.

Cons

Poor people management: great individual contributors promoted in people management roles, effort is not recognized with praise, attention to personal development is not a high priority for managers

Advice to Senior Management

Take greater care into who you promote as people managers. They have a huge impact into who remains with the company or your group, how engaged and productive your people are.

Enable better communication between engineering and product management teams. Hire better, technically sound product managers.