In my experience yeah. The burst was relatively quick in it's downturn, it felt like hiring and optimism came back pretty quick.
This time, there are the dark clouds of AI and lots of economic instability, along with higher interest rates to deal with. Not to mention record corporate debt.
Also this time is much different because coding was marketed as a way to just go to bootcamp and get rich, so it brought in hundreds of thousands of people on the low end.
