Senior devs, people with many years of experience, people who have had the chance to funnel themselves into something specialized are doing okay. It's still not as good as it once was, many still find themselves out of a job and unable to find another one without having to settle for worse conditions or a lower wage, but the squeeze isn't nearly as bad on them.

For juniors and new grads, it's a bloodbath. The best people I know are sending hundreds of tailored job applications to try and get just about anything, and it's still almost impossible. Rates of applications to interviews are probably <1% for most people. Internships still help, but it's not as much of a difference as it once was. Everyone is desperate, and people are lowering their standards as far as they'll go, but employers are still not budging.

Basically, it seems like the sides of the job market are diverging. People who are already in are usually still in. You're either doing great or living through the most hopeless and soul-crushing time of your professional life, with a small portion of outliers in either group.