I think it's a combination of things and will vary by company. For the largest companies, it's likely to some extent to put downward pressure on salaries in th

I think it's a combination of things and will vary by company. For the largest companies, it's likely to some extent to put downward pressure on salaries in the market. For others it can be like the Twitter case were they hired way too many devs for what was needed and that simply makes a bigger communications mess not more productivity. For others still it's outside pressure to become financially stable or income positive with a reduction in investment capital over time. The larger economy, the potential for a more widespread military conflict and a number of other factors taking their toll in different ways. When belts need to tighten, late and expensive projects get cut. There are still jobs out there, but with remote roles in particular, which I'm personally experiencing. Pay scales are all over the map and there are hundreds of applicants to many jobs out there. It sucks to be looking and I imagine it sucks to be hiring as well. The latter because of the shear volumes of applicants to sift through. I will say, I'd rather receive no contact at this point than the boilerplate rejection emails. If there's no substance or advice, it's just a net negative IMO. Used to hate getting dropped. But having to fill out a few dozen applications a day competing against hundreds and seeing the ones where you're less than ideal sucks. I took 4 months off because I needed to get past the burnout. Now it's just hard getting back in.