Going full cloud - seems like taking a step backwards

I watched the “Enabling Serverless Teams” presentation today by the CEO of serverless. I was surprised by his suggestion to go “full cloud” when he was talking about development / debugging and whether or not to maintain local dev work environments. While I agree that they can get stale and require additional maintenance - what I’m finding is that using serverless / aws lambda in the cloud during dev is a huge pain. Serverless log tailing is super laggy. If I run code locally - I can see debug output immediately. Also deploys from github → serverless → aws take minutes, so every build->run cycle is painful with focus-stealing gaps. Is this really how folks do serverless work?