On the other hand, in the current environment, I can also see a lot of people figuring that they're not going to improve their prospects elsewhere in the near future so, since they're apparently at least somewhat valued given they're still there, they might as well just keep their head down for a year or two.
Eh. It's at least a more challenging environment for being hired in tech right now. Assuming they like their work and are getting well-paid, why should they move?
And this is different where exactly? If Meta does another round so will Google. If it’s layoffs or ChatGPT the only thing Sundar knows how to do is copy/paste. Amazon and Microsoft are already PIP culture.
It's different in sectors which aren't going to go through some things, places which are expanding rather than freaking out about dropping ad revenue and the end of zero interest rates. OpenAI / Microsoft, various energy sectors, and Palantir / miltech come to mind.
Life in a contracting industry sucks as a general rule, Meta has presumably decided that shedding weight is worth the nth-order effects. It's a strong signal to move on or start cultivating new skills now IMO.
