Not exactly, if I am thinking of leaving my job and I have responsibilities, I will not even entertain taking a leap of faith, resigning from my current position and grinding for 3 month in a super-competitive environment for 1/10 of a chance of getting a better job.

I'll talk to recruiters and interview at other companies on my spare time, as before.

Yes, it says "hope your competitors randomly decide to fire their best engineers for some reason" (worded as 'ends up between gigs')