That's definitely not what's happening right now at Amazon (where I work), and based on what I've heard from coworkers from Google and Meta, it's basically the same story over there.
Hell, we've just had another layoff in our Games division, and many software engineers were enticed to work there so they could cut their teeth on games tech instead of standard micro-services. Now, they're frantically battling against external candidates for the few internal roles available.