[AJRF]

Yeah, this is 100% the case - while not a FAANG I worked at a moderately large tech company in the UK and it was astonishing how slow everything moved, but people were always getting promoted. I eventually left because every project took about 10x the effort it should have.

The stock price went down 20% during the time I was there, and I could see why - it took months to ship a tiny button.

I work with a lot of ex-FAANG now and they haven't had much of a chance to do impactful things. I've heard a lot of "I was responsible for the reporting function on this dashboard that's 10 clicks deep on Google Play"

I do think Layoffs, while obviously very sad for those involved, were needed.