Here in India most of the VC funded startups and large international tech companies are laying off people left and right. Most VCs are funded from international

Here in India most of the VC funded startups and large international tech companies are laying off people left and right. Most VCs are funded from international clients, who are fleeing with their money for good reasons; the grow-at-all-costs model hasn't worked out yet, and time is up because interest rates. Hiring also seems to have been paused. I used to get recruiter inmail at least three times a week, but have only received 2 in the past three months. This has not impacted other sectors outside IT/tech/startups. If you are currently a developer in a decently sized company in a different sector, you're likely fine. Non-software firms will obviously use the opportunity to lowball you on further salary growth, but it's unlikely that you'll get laid off soon. I just hope people didn't go end spend all of their massive salaries they earned in the last few years since it's going to get even more difficult in the near future.