Eh - I guess it depends on how tied to FAANG you are...
Still getting plenty of inquiries from non-FAANG stuff.
I'm not tied to FAANG. It's been pretty bad for me. 6 YOE looking for mid and senior roles all over.
It's a shift where many will avoid FAANGs because they start offering less upside. Stocks are down, public imagine slightly toxic and less benefits. When you subtract the cost of living close to FAANG people are going to go for more work life balance.
Not really. If they had all the leverage pay would be zero and hours would be infinite.