There is no crunch right now if you have a degree and can program. Companies are tightening their belts and recruiters are not aggressively spamming you. This does not mean jobs aren't there. The only thing an environment like this changes for me is all extra expenses are cut hastily and I begin hoarding money.
Companies with infinite VC money are certainly slowing down hiring. FAANGs are slowing down hiring because they used PPP money to overhire and are now trimming down the fat. There are PLENTY of companies that fit in neither of these categories. The work may not be pretty, but it'll keep you fed and insured. I have friends in outsourcing jobs and they have have gone gangbusters the last two years. If there's one thing I fear it's not this alleged "slow down" it's that every job is slowly being filled by foreigners working for pennies on the dollar.
The article gets their data from Indeed. I do not use such a site, and I know of no one who uses such a site. I generally only take jobs through my network of friends I've made and only after that exhausts do I begin the process of asking recruiters whats up. I don't believe job-farm sites are a good proxy for actual industry jobs.