I made well over 100 applications last April - May; as a grad student close to their master's at a top EU University. I had more success from FAANG companies than startups. I eventually landed a very low paying job at a fintech startup but they had financial issues. Come mid july I found myself interviewing for a FAANG company, and today I passed probation period.
The fact that I was good enough for a FAANG company, but unhirable to almost everyone else is a bit beyond me.