Why FAANG Layoffs Happened for Software Engineers

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During this period, the tech industry experienced an unprecedented surge in demand for skilled professionals. Job openings were aplenty, and salaries reached dizzying heights. But was it too good to be true?

We’ll also discuss the challenges faced by both job seekers and employers, including the scarcity of talent and the race to secure top-notch candidates within big tech FAANG companies like Google, Facebook, Netflix and Amazon.

But as the saying goes, what goes up must come down. In the latter part of 2021 and early 2022, we witnessed a noticeable shift in the tech job market. Companies started scaling back, and job seekers faced tougher competition. The once-inflated salaries began to plateau. What were the warning signs, and how did this impact the tech industry as a whole?

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