For the last 20 years, employment in the software engineering field has basically been a dream scenario for the job seekers. Great wages and every company was always trying to hire.
However, that seems to have taken a pause. Higher interest rates mean the free money buffet is over and the FAANGs have spent the last year flooding the job market with engineers of the highest pedigree. I'm not quite job searching right now, but my understanding is that it's not the cake walk it used to be.