I think so too. Elon laid waste to Twitter devs & SRE and that has allowed other companies to feel it's ok now.

But that's not the whole thing - it sounds like there was massive over-hiring of devs and some madness of trying to stop other companies getting them.

What a wasteland. The thing is there is a whole raft of interesting jobs out there that don't involve actively making society worse, so hopefully some devs will move out of this scene and onto something more constructive.