Same. I went to a fairly middle-tier CS program, graduated in the mid 2010s. A good chunk of my CS class just never got CS jobs. One is a car salesman, one is a math teacher, one went into academia for linguistics, many went into IT or helpdesk, many work odd jobs or generic white collar jobs. I would guess only about 10-15% of CS grads ever land into the cushy six-figure Bay Area SWE career at well-known companies that people associate with the term "Software Engineer".
Becoming a SWE is hard and it was never easy. You needed projects, internships, hundreds of hours invested in interview prep, aggressive networking and, even after all that, excellent luck. It is not something that naturally follows a CS degree. Maybe it does for the kids at the Stanfords and MITs (who, might I remind you, have already won wars to even get there). Not for the average Joe Jr from University of Flyover State.