>BigTech has learned to operate leaner

I think almost all of big tech have more employees now than they did 3 years ago. There's just not as much growth or anticipation of growth, nor as much turnover.

When VC money is flush in the system, people are leaving their FAANG jobs for crazy scale up money. Now that it's happening less, big tech will have less turnover, etc.

These are some statistics, I just saw on Blind. I didn’t independently verify it.

https://www.teamblind.com/post/The-golden-age-of-high-TC-tec...

The trends aren’t good and that’s before MS just announced a 6% reduction in headcount and doesn’t take into account enterprise devs where most people work.

There are also more people entering the field.