Pros: You get paid 15% above market rate. I was making 165k in my last company (150k base + 15-20% bonus) in a stress-free environment, and then one fine day I found an opening at Netflix which suited my profile. I applied, gave the interview, and they offered me 180k total. Like a fool, I jumped onboard. I lost my job after 9 months and am now back in the market. And yes, those 9 months were no less than delivering a baby.

Cons: Just after joining, I realized that the guy sitting right next to me was fired a few weeks ago. As I spent more time, I realized most of the people around me were no more than a year old. The work was too much, but I thought they were paying me more, so I worked hard at it. Turns out I had two slight disagreements with a member in another team, and bammm... I was gone. The company has a very simple philosophy: if things are not 100% perfect, fire and hire, rinse and repeat. Don't make the mistake I made. Don't leave your stress-free environment for 10-15k, etc., because you are going to end up being fired the moment your performance falls below 100%.

Pros: Love the culture. Interesting work, good pay, good food, nice office, very smart engineers. Also, everyone at Netflix tends to be very social and nice.

Cons: WLB is team dependent. My team had good WLB, but others didn't. The intern program is fairly new, so there was a bit of uncertainty with return offers and what not.

Pros: Best place if you just want to work with great, technically capable folks. 15-20% higher pay, but if you actually consider everything, it might not be that big of a deal. Check what will be in-hand salary after taxes because taxes also go high with salary. Somewhat transparent workplace, but at times higher management takes ridiculous decisions like Quickster. What the hell? Reed gets things right most of the time (except Quickster) and understands what he is doing.

Cons: Worst place where all technically capable folks are also so heavy on political games within the team. Also, it depends on which team you are part of. My general observation is, the larger the team, the greater the politics being played within. It is literally true that there is a culture of fear, no matter how talented you are. I have seen people being walked out; they were far more talented than other mediocre engineers surviving there for 3-4 years just because they lick the managers' asses, and I have seen managers loving it being licked. Few managers who came from Google or some other similar companies think that they know everything in the world and act as if they rule the world, but actually, they are literally dumb asses when it comes to real work. They claim it is all rockstar engineers and fire those who are not, but I have seen people surviving for ages, not even knowing what they did for all these years at Netflix, and they are pure mediocre engineers. My advice to engineers would be: if you are happy with the work you are doing right now or with other offers in hand, don't fall for the salary trap; it is merely an illusion.