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Oh absolutely, some of the mediocre employees will stay because of that. The exceptional ones are still going to head out for greener pastures though.

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Eh. It's at least a more challenging environment for being hired in tech right now. Assuming they like their work and are getting well-paid, why should they move?

Because the local environment is going to get more and more cuthroat and backstabby as people feel pressured.

And this is different where exactly? If Meta does another round so will Google. If it’s layoffs or ChatGPT the only thing Sundar knows how to do is copy/paste. Amazon and Microsoft are already PIP culture.

It's different in sectors which aren't going to go through some things, places which are expanding rather than freaking out about dropping ad revenue and the end of zero interest rates. OpenAI / Microsoft, various energy sectors, and Palantir / miltech come to mind.

Life in a contracting industry sucks as a general rule, Meta has presumably decided that shedding weight is worth the nth-order effects. It's a strong signal to move on or start cultivating new skills now IMO.

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