I think it doesn't seem as bad in tech/engineering due to the availability of industry jobs, at least you aren't unemployed. But in my opinion as a science/eng

I think it doesn't seem as bad in tech/engineering due to the availability of industry jobs, at least you aren't unemployed. But in my opinion as a science/engineering PhD grad many of these positions don't require PhD they could just train undergrad engineers and be fine. The companies are taking advantage of the glut of PhD grads to get cheaply trained highly educated labor without incurring the cost to train them themselves.