Lambda Layers offer a way to distribute libraries and dependencies for AWS Lambda functions, reducing the need to include everything in the function's zip file.
Using YAML in AWS SAM, developers can define Lambda Layers in a structured manner within template.yaml, enhancing reusability and performance.
Benefits of Layering include reusability across functions, smaller deployment sizes, faster CI/CD processes, and improved security through easier patching.
Drawbacks of Layering involve size and layer limits, versioning challenges, potential latency increases during cold starts, and difficulties in debugging layers when issues arise.