Pros
1. Free Banana 2. Good initial compensation 3. Very easy to get hired. You may impress bar-raiser by solving FooBar, and can get hired. Sometime they even hire you by just a single hackerrank round. 4. It's good only if you have plan to leave within a year.
Cons
1. Very easy to get fired. 2. Bad promotion process. Lucky ones get promotion within a year, unlucky ones get 4+ years 3. 0-5% increment. Almost discouraging for you. 4. Leadership leaves team very frequently, and so SDEs effort get waisted. 5. You will always hear that this is VP level project, you work 7-8 months on the project, and suddenly project gets de-prioritized. 6. Worst hiring practices followed. Leaders don't know how to hire people, they always compromise quality to accomplish their goal and latter fire. 7. I would say, it's kind of ego issue with Amazon. they have completely forgotten their value and now not innovating anything rather than just doing useless thing to remain in the market. 8. Amazon will disappear in the coming decade, so not good for long term.