I've lived through a few previous downturns - early 90s, dot com, 2008. Yes, it was tough for a lot of people, especially when the market had a glut of ten-year

I've lived through a few previous downturns - early 90s, dot com, 2008. Yes, it was tough for a lot of people, especially when the market had a glut of ten-year folks competing directly with five-year folks. (For various reasons the people both above and below that didn't seem to have it quite so bad.) But it wasn't impossible. In both periods I succeeded in changing jobs - voluntarily - myself. It probably helped that people with less experience are generally cheaper in a time when companies were desperate to reduce costs. So yes, the job-hunting process might take more time and/or effort, you will probably collect more rejections along the way, but don't give up hope. The demand is not going away, and in fact it's still increasing overall even if some high-profile companies are having to correct their staffing plans.