Any insight to what kinds of work is being run in the functions? I run a lot of jobs in background queues but I'm wondering if I'm missing out on some new paradigm.
Why would you want that? Well, who really wants to think about the OS, or how to get their data into main()? You just want to write business logic, and FaaS lets your developers focus on that. It's a small development process optimization, but a significant one at scale if you have enough developers / unique jobs being created. And it lets platform engineers focus on the best way to shovel data into main() in your particular environment.
Nothing really new, except that you don't have to build it yourself ... but if you do and you sell it to your coworkers/clients/customers, you just call it FaaS.