Since you are 35 I guess you just missed the financial crisis in 2007. I can assure you that was WAY more intense than what we're seeing now. In fact what we're seeing now isn't an apocalypse of any sort. Basically a bunch of huge tech companies staffed up during the pandemic years and now a combination of high interest rates and a slowing (relative to expectations) economy is battering their stock price. So the activist investors push them to reign in costs (eg reduce headcount). It's what happens in mature industries. Meanwhile, headlines aside about big name tech companies laying people off, the general market for engineering talent is quite strong. Not the level of insanity we were seeing a year or two ago but stronger than I've ever seen (excepting 2021-22) in my entire career. The days of a senior engineer pulling in mid-to-high-6-figures in total comp from a FAANG (or FAANG adjacent) company are probably gone but that was never sustainable anyway.