I think the better heuristic for the state of the job market is job openings rather than headlines. There are still thousands of job openings you can find on LinkedIn. News outlets are built to grab attention and not help you build an accurate representation of reality. The news sounds alarming, but I think all it amounts to is the tech job market cooling off from being red hot, and big tech companies getting bloated because of inflated earnings during the pandemic. That being said, things can change quickly, just a year ago people were paying millions for jpegs on the internet lol.