There are definitely still a LOT of companies with hiring freezes in place. A lot of people are still employed, but they’re not jumping ship if they are at a crappy company. They’re staying put because there are fewer open positions to jump to.
It ain’t 2008 or 2000, but its definitely not 2018 or 2019 either. Tech talent could be picky before the pandemic. Now it’s the employers that get to be picky.