Meta kind of screwed everybody here. I am at one of the hyperscalers with some insight into SDE offers. Second half of 2021 things got extremely crazy with Meta offering ridiculous salaries even for junior positions. This caused a chain reaction. Other FAANG had to increase their offers outside the normal bands to fill positions, which caused experienced folks to leave where out of frustration that new hires one level down were making more money than them. Now it appears Meta overshot and are trying to clean up their own mess.