That may be true in an industry that is growing, but the calculus changes a ton in a shrinking industry, or at least one with a ton of near and long term uncertainty.

I mean, suppose you're a star performer at Microsoft. Consider the following:

1. The FAANGs pay better than just about any corporation on Earth.

2. Most of those FAANGs have also had plenty of layoffs of their own.

3. If you are the caliber of person who works at Microsoft who could get a job at a super hot AI company (say NVidia, OpenAI, Anthropic, etc.) my guess is most of these people already left.

I suspect that most of the people who end up taking this offer have already checked out in some way, i.e. people wanting to quit and now this gives them a reason to do so.