Military / hierarchical structure, can be interesting work and good compensation but very cyclical business
Lam is in the very cyclical semiconductor, capital equipment industry, that means every few years they will be hiring a lot of people and then a few years after that they will be firing them. You need to accept that if you take a job there. The high margins and cyclicality of the industry translates to average salary + excellent bonus, profit sharing, stock compensation potential. When times are good, the profits get shared. Their is a hierarchical, militaristic, good old boy, structure to senior management which translates to a fast moving environment for employee's. It is interesting work and you will learn, though not as much maybe as at a smaller less will established company. In the boom phase you will be working hard because you are in a boom, in the bust phase you will be working hard because a lot of people got laid off and you are understaffed.