Laid off from a US remote backend/data role in a large, FAANG-adjacent tech company in early January

Laid off from a US remote backend/data role in a large, FAANG-adjacent tech company in early January. I have always had a high callback rate with 20+ years of experience and a CS degree from a tier 1 university. This time, my only callbacks were through internal referrals from my network or introductions made through recruiters. I ended up with two offers by the end of January, one from a growing startup and the other from a mid-market company with a conservative business model. Given the slowdown in the market, I'm thankful to have found something so quickly. My take is that this is not nearly as bad as the dotcom crash in the early 2000s, but the red hot tech market of 2021 where companies were hiring as fast as they could with incredible comp packages is gone. There are still a good number of roles out there, but companies are being more careful in their hiring and they are not trying to compete with (the no longer hiring) FAANGs when it comes to compensation.