SVB bankruptcy is part of it. A lot of free money dried up. But also, it's an "everyone else is doing it" thing. Saturate the market with unemployed devs and

SVB bankruptcy is part of it. A lot of free money dried up. But also, it's an "everyone else is doing it" thing. Saturate the market with unemployed devs and you can reasonably tell your employees "Sorry, no budget for raises".