I'm a new grad and I was extremely scared because of all the doom and gloom on HN and reddit. I also felt like new grads would be hit the hardest.

Come application time... it was totally normal. Had some interviews and some rejections. Ended up getting multiple offers with very competitive compensation.

While I may be the exception rather the norm, there are definitely companies that are still hiring and some that are just getting head count for the upcoming quarter. I would not give up hope.