Yes, there are still many. The reasons can be varied. A lot of times the person might just like where they are doing what they do. Or at least are not unhappy enough to experience the disruption of looking for a new job.
Increasingly, talking to friends and colleagues who are also SWEs, the leetcode interview process is also seen as daunting and a huge barrier that can make someone think twice about switching jobs.
I'd say a FAANG (or similar tech company) engineer is more likely to move - and be capable of moving - than someone at a non tech company.
the leetcode interview process is also seen as daunting and a huge barrier that can make someone think twice about switching jobs
There's a lot of truth to this, but the result is that the inertia effect acts as a form of retention for FAANGs. This has only increased since they are losing their ability to maintain anti-poaching agreements.
Increasingly, talking to friends and colleagues who are also SWEs, the leetcode interview process is also seen as daunting and a huge barrier that can make someone think twice about switching jobs.
I'd say a FAANG (or similar tech company) engineer is more likely to move - and be capable of moving - than someone at a non tech company.