I wonder if this mean a dearth of positions (i.e. a tech downturn is fully underway) or simply loads of applicants and enough open positions, but the recruiters

I wonder if this mean a dearth of positions (i.e. a tech downturn is fully underway) or simply loads of applicants and enough open positions, but the recruiters are a bit inundated by the sudden influx and it'll take time to sort things out. Either way I hope those laid off land on their feet.