Also, there is (a non-unsurmountable) hurdle of coming from FAANG in that hiring managers suspect that someone coming from a FAANG to a much less cushy position

Also, there is (a non-unsurmountable) hurdle of coming from FAANG in that hiring managers suspect that someone coming from a FAANG to a much less cushy position simply wants to sit out a downturn or a burndown before jumping back.