It is brutal. Even with 20+ YoE and a couple of FAANGs on the resume, the response rate is 1/10th of what I saw a couple of years ago.
I imagine that with that much exp and FAANGs on resume you are still negotiating FAANG salary, which are kind of the outliers of the industry.
Idk, the dev market in my country (Poland) stills seems to be in a good shape, but we're earning pennies comparatively (50k USD would be a top 1% senior position) so not sure if that's actually better. I might get a stable salary and lots of companies to choose from if there's anything I don't like, but you can beat my earnings with a 3-month side gig, so... :D