No its not. I argue that its actually a great time to apply. Yes there is more competition because of the layoffs but you should know that as businesses layoff

No its not. I argue that its actually a great time to apply. Yes there is more competition because of the layoffs but you should know that as businesses layoff a big number of those are for low-value positions/work. If you are competent (you should consider yourself as such) then you will have no "bad time" while applying. Oh and please change your understanding of preparation and applying, applying is a part of the preparation for big tech. If you're out of practice with interviews then apply more than youre comfortable with and interview