I'm specifically referring to the "problem" of developers who were getting paid $500-750k+ who may have to settle for a mere $200k working at a non-FAANG compan

I'm specifically referring to the "problem" of developers who were getting paid $500-750k+ who may have to settle for a mere $200k working at a non-FAANG company. For non-development roles, getting laid off sucks, there's no way around that. but they can hopefully find a comparable salary at a different company.