I was in a similar position in 2008. The key thing you need is experience, as people fresh out of college take awhile to ramp up and actually be productive.

I'd avoid small startups and focus on larger, established players. Unless they raised money before things started to get bad, smaller companies won't have the same resources as late stage orgs and FAANG.

While you're applying, try to get experience however you can. Work on personal projects relevant to jobs you're applying for and post them on Github. Pick up work on UpWork, etc at whatever price people are willing to pay. Having experience you can point to gives you a leg up over everyone else.