[cableshaft]

For FAANG jobs, yes. For non-FAANG, it sounds like there's still a good amount of demand, especially for senior-level.

Regardless they shouldn't just quit without having another job lined up, and you have to be a bit more careful with your choice of company (maybe choose one that already jumped at the chance to do its "well everyone is laying off 10% of their staff, we should too even though we're still making record profits").

[blhblah12345]

This is definitely happening. After 6 glowing interviews, I was expecting an offer two weeks ago from a startup. small company, profitable, growing quickly, only 100 employees, just closed a $70m funding round. While waiting for the "final" interview, I noticed the 40 jobs on their website disappeared. Finally heard from them 10 minutes after the interview was supposed to start, to tell me they had decided to halt hiring and "rightsize" their (skeleton) staff.