[TrackerFF]

Some will have to.

In the big picture, FAANG salaries are outliers. Boom and bust cycles come and go, and when it is booming again - circumstances can have changed.

I worked with people in oil and gas that never came back, probably making only 25%-50% of what did they did during their best years.

Finance, too. Lots of young bankers were forced out back in 08-09, and never returned.

(With that said, tech is a bit more flexible on hiring, and I don’t think a 350k engineer will have to take a 300k pay cut, finding a “normal” ~100k engineering job is very possible. Or even another FAANG job if you’re willing to keep going at it. Could take weeks, months, even years - depending on how bad the market is)