[mattbrewsbytes]

I would counter that much of our thought process here at HN is on engineering but at a company the size of a FAANG there are thousands of non engineering people. Unless they have shared a breakdown on layoffs per role/business area it could also be that they need less advertising, marketers, recruiters, sales, support, etc. and are slowing engineering hires down. Two of the FAANG rely heavily on advertising as their cash cow and in an economic downturn companies spend less on advertising.

Getting hired with RSU's at current prices as an element of total comp would put new hires in a good position financially once the economy cycles back into growth.