Maybe, maybe not. From a very brief Google search, in 2022, 8% of felonies were not prosecuted, and of the remaining more than half of felony charges were downgraded by prosecutors to misdemeanors in NYC.
https://www.politifact.com/factchecks/2023/apr/08/ron-desant...
This is a fact check of a claim by DeSantis, and the claim is true... with the caveat that it's totally normal and all the prosecutors are doing it.
Part me of wonders... others are saying "all that theft is employee driven" as a talking point (yeah, I've got my own talking points too. Se'la'vie lol) - how much of it is old data - data from a decade ago before the soft on crime, defund the police crowd took over - and how much of it is employees not reporting crimes that waste everyones time in the current climate.
It'll be interesting to see if we get real data over the years and can look back at this failed experiment on "justice" objectively enough to show what an utter disaster it currently is.