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Relationship oriented workers keep their network as they move from job to job. Never know who you might be able to help or be helped by in the future.
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Well, nobody said lifers. But you can't really get a management job without already having management experience. You typically have to be promoted internally, not just go look for a management job elsewhere with no experience.
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I'm in a big org and while we had a lot of COVID-related turnover, before and after COVID our average engineer tenure went from ~1.6 years to something like 6-7. I'm at the upper end of my part of the org at 8+ (one at 9, one at 11 one at 13). Only like 3 people in my group are below 6.

I would like to move on but also given the current climate that seems ludicrous.

People I talk to in similar places are in the same boat. Hiring is frozen, there's not enough people to manage everything we have, and everyone remaining is hanging on for dear life.

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