It's still unclear to me the layoffs are affecting actual engineers, outside of Meta and Twitter.
Meta is trying to execute one of the biggest company pivot in tech's history after completely giving up on the metaverse. Industry-wide they account for a huge number of laid-off developers.
In the meantime, Twitter's layoffs are minimal (it's always been a small company) but extremely visible due to the company's new owner's very public persona.
Elsewhere, it's pretty close to the normal number of layoffs large tech companies do every year. It's a little known fact to outsiders, but tech companies trim underperformers every year from their workforces. The media almost never report on it, except this year they did because Twitter and Meta were in the news cycle.
These stats also have "Software Engineers" as a category alongside "QA Testers", "Web Devs" and "Application Engineers" listed as different jobs, so I'm skeptical of how accurate they are.