> There are some 40k layoffs in last few months and certainly a large number of those are US citizens.
That doesn't matter if they all find a new job very quickly, what's more relevant is the unemployment rate. Is it increasing?
At least when it comes to the overall unemployment rate, it seems to be very low when I see articles like this: https://www.businessinsider.com/december-jobs-report-labor-m...
I didn't find IT-specific stats to be fully sure (well it's somewhere on https://www.bls.gov if you're so inclined), but I'd be surprised if the IT industry were much worse (if at all) than the average over all industries.