IMO non top paying companies have been hiring more regularly, across the world. It's nice that you do not consider FAANG, but some people do just for the 2x-3x

IMO non top paying companies have been hiring more regularly, across the world. It's nice that you do not consider FAANG, but some people do just for the 2x-3x raise is income. When the top payers do layoffs and/or stop hiring, overall the max compensation you can get goes way down Just as an example, Stripe who just did layoffs yesterdays, pays $450k a year for a senior software engineer. How does that compare to your recent 20% raise? The tech sector in the U.S is definitely still hiring if you're a senior software engineer who's willing to make $200k. But lots of people got used to very high compensation, and some also depend on it with loans they took out, that cutting their compensation by 50% would make them go bankrupt