A look at the number of replies to "Who's Hiring?" each month over the past year or so compared to prior years made it loud and clear. Traditional tech has been in a recession for a couple of years, at least!
It’s also worth noting that the economy and job market as a whole is in a recession.
Indeed, things really changed in late 2022 / early 2023. https://www.hnhiringtrends.com/