The market is still incredibly strong for SV caliber devs, and I see no signal it's going to slow down. If anything, it kept compensation for engineers from cratering by propping up the stocks.
[0] https://interviewing.io/blog/2022-layoffs-engineers-vs-other...
[1] https://www.bloomberg.com/news/articles/2023-01-24/tech-layo...
[2] https://www.computerworld.com/article/3690309/about-those-te...
[3] https://www.gartner.com/en/newsroom/press-releases/2023-03-0...
[4] https://techreport.com/news/3493451/microsoft-layoffs-ethics...