Sounds like a public truce to me. These companies hire defensively and pay well to take talent from each other. When other FAANG isn’t hiring, they can all aff

Sounds like a public truce to me. These companies hire defensively and pay well to take talent from each other. When other FAANG isn’t hiring, they can all afford to dump part of their workforce, knowing that the rest of the industry won’t soak them up. There’s no where else for them to go without taking pay cuts.