I work at FAANG, and leadership is successfully pushing the urge for speed by stablishing the new productivity expectations, and everyone is rushing as much as they can, as the productivity gain doesn't really match the expectations, and people overwork to make up for this difference. This works very well with internal competition and a quota system for performance ratings, with some extra fear due to the bad job market.
I feel this new world sucks. We have new technology that boosts the productivity of the individual engineer, and we could be doing MUCH better work, instead of just rushed slop to meet quotas.
I feel I'm just building my replacement, to bring the next level of profits to the c-suite. I just wish I wasn't burning out while doing so.