That sounds reasonable but will it change anything? Pretty much every major tech company did layoffs, and they're all going to keep paying same relative to each other. I'm a guy who wants a big paycheck, so I'll still be working for FAANGs.

Sure, now I know my job isn't 100% secure and maybe I'm less inclined to go above and beyond, but I'm sure they'll address that by having bigger "differentiation" in pay between top and average performers.