The economy sucks, and they do pay decently for software engineers. Especially now that the rest of FAANG aren't massively over-paying for college hires, I doubt the supply of bright young minds will ever entirely dry up.

I have worked there for 8 years now and we ARE running out of bodies.

It has become extremely difficult to hire at any level, we have had an open position on my team for a senior data scientist for a year and a half now, with barely any candidate applying, and none of them being competent.

Similarly the average level of new employees has dropped dramatically. The famous "hiring bar" is now below ground.

I'd work there (if they hired here lmao), they pay good and it looks good on a CV. Or well, it would where I live (europe).

There are now more highly competent devs ready to work for cheap available now than ever before and all of them are boosted with state of the art coding agents…

It‘s the golden age for software engineer employers.