A few mega corps are doing 10% RiF (AMZN, MSFT, etc). A few are drastically reducing their expenses because their business model never was profitable without VC investment (Twitter, DoorDash, Peloton).
But lots of smaller-than-the-largest companies still have massive numbers of open reqs for roles which align with their growth strategies.
[caveat] I’m not sure that most open reqs are actually jobs waiting for employees. I think there are a few reasons why companies wouldn’t fill all of them, even if they found great candidates to fill them.
I found this gem of a Google Doc which aggregates open reqs by VC investment (note this isn’t SF specific but VC investments are highly correlated with the few major tech hubs, of which SF is one): https://docs.google.com/spreadsheets/d/1JxUyrHAmB6xbIEbLfQcA...
My personal anecdata is that my startup (7 years old / cybersecurity sector) continues to hire in engineering + product in South Bay and in India (and sales worldwide).