I totally agree that companies may not get the right people. They also may not intend to get those people. A lot of companies get rid of teams they don't need

I totally agree that companies may not get the right people. They also may not intend to get those people. A lot of companies get rid of teams they don't need rather than individuals. Sure, it would be more efficient to lay off dead weight from all teams, and reassign the remainder of the teams you don't want, but higher ups don't have the time for that. And I was affected by a layoff just recently, but layoffs don't really hurt good engineers. You just find another job. My whole team was nuked back in November. But I found a new job within a month, and at a 25% pay increase. So taking a cut would have been a terrible deal. They say the market is bad, but I think that just means bad for bad engineers. Whereas quality really didn't even matter a year ago.