Pros
1. Competitive salary. Especially if you're coming with a good tag name. 2. Since most of the things are being built from scratch, there is quite a lot to learn.
Cons
1. While the newcomers are getting paid quite well, the existing employees are being demoted (I guess based on their current compensation to match new salary-brackets-to-designation scale). Both: a newcomer with 8 years of experience and old employee with 14 years of experience are Staff Software engineer. 2. Even though there is quite a lot to learn you have to be wary about some of the approaches being taken. Like if these approaches are really the best practices or just something to get the things going. And if you should really use it in future. 3. Goals are set, but higher up lacks the visibility on how to reach those goals. Basically, you work in dark. And timelines are imposed on you based on what higher ups think, not how things should be. 4. All higher up positions are filled with buddies. If you're not part of this group, best of luck! 5. Recent reviews look quite suspicious. I remember the rating being somewhere near 3.3 and now it's 4.2. Pretty sure the people working don't relate to the new ratings.