90% of employees aren't getting laid off and continue to earn top of market pay. Even if you think layoffs are distributed randomly (they aren't), that has positive EV.

The comp is really good.

Because they offer an attractive job/package relative to other opportunities... same as any other job people take.

Because in the current job market many job seekers will accept 1st offer after spending months looking for a job without any offers.

Facilitates legal immigration. At least that was my case (not at Meta thankfully).

Making it 2-5 years there sounds like reasonable pile of money. And I don't think getting fired in one of these big layoff rounds is too big black mark.