the saddest thing is that it used to be possible to do it at at least some of the megacorps too. "senior engineer" (one level below staff) was widely accepted as an "I have reached as high as I want to in my career, and just want to work on interesting problems now", you would basically never get a raise other than cost-of-living but you could do your work and go home and live your life too. that's still doable to an extent but the recurring layoffs have added a measure of precarity to the whole situation so now you have to care more about all the self promotion and "being seen to be doing something" aspects of the job a lot more than you used to.

Do they even do cost-of-living raises anymore? When I was at FAANG, my raises in the same role didn't even match inflation.