Corporations are loving the tech layoffs as devs scramble and compete amongst each other for lower wages. Companies are taking advantage of this and offering lower wages or equal wage to a year ago.
https://www.theinformation.com/articles/pay-falls-for-many-tech-workers-as-the-downturn-hits-home
https://www.businessinsider.com/tech-workers-willing-pay-decrease-high-salaries-remote-layoffs-survey-2023-6