Pros
Better than not having a job
Cons
An exodus of tenured engineers (both HW and SW). No culture. Zero appreciation.
The bar is raised for existing employees but lowered for external hires. For example, an outside director was recently hired as an SVP, and a bunch of barely experienced Engineering Managers (EMs) were brought in as directors. Meanwhile, internal EMs take years just to become Senior Managers, and a promotion to director feels like winning the lottery.
Additionally, the company removed the Senior Software Engineer level as a terminal role, giving existing senior engineers a one-year ultimatum to level up or face termination. AI could have made our lives easier, but leadership - a title they hardly deserve - has turned the workplace into a literal Hunger Games.