To be fair, everyone is laying off. Whatever paid peanuts or millions. Hopefully, the devs who got the bigger piece of the cake stashed some under the mattress.
20% after an 11% layoff is high even during current times imo
Cash salary or made up stock options valuations?
Higher than FAANG? Or whatever is the acronym today.
At some point (not sure if this is still the case) you could choose between all salary or a mix of salary and options. The total comp in either case was ~450k for a senior dev. So we are talking Netflix-level salaries for a startup.