I was in tech during the dot com bubble. It was the same then as today. In the early 2000s, there were two open tech jobs for every qualified person. Businesses like Microskills (no longer around) sprung up to teach basic network administration and other IT skills and do job placement. When the market contracted, a lot of people who were treading water or were making more than their role could afford got pushed out. It's no different now. Instead of network admin bootcamps it's coding bootcamps. Lots of people have been building a lot of dumb stuff (more than usual) for the last several years and the market is correcting.

The good news is that what came after that contraction was a huge wave of innovation that became known as Web 2.0. Most of the unicorns you're familiar with today came out of that period. Keep your chin up and you'll see.