They pay above market value in order to attract talent.
Cons
Work life balance work 6 days a week or are on call since no one can problem solve. Career progression. Will almost always hire externally for a role or lowball internal candidates. Many incompetent people in leadership positions. At least one manager is borderline psychotic. Firefighting approach to problem solving
They will take you through complete interview processes for 3 weeks and confirm you're selected to send the required documents to release offer letter.
Cons
The offer letter will never get released and they don't notify you about the status of your application.