I bet the non-profitable, feeding-on-VC startups are getting worried and we'll see more of this. I work at a non-VC-funded, profitable, stable, small place and we're desperately trying to hire. I've never made FAANG/startup income, and I've always felt a little left-out because of that. But we've been stable for nearly 30 years, and have never had the big layoffs or hiring freezes including, dot-com bust, 2008, 2020 COVID lockdowns, and now. We're low variance, so the upside isn't as crazy, but then again the downside has been historically pretty limited too. My advise is to find a smaller, stable, profitable place to interview at.
edit: grammar