I don't know that it's a serious tech recession; my understanding is that the major players are still posting serious revenue growth. As far as I can tell, a lot of the VC/startup world was mostly a low interest rate bubble.

I suppose I'm "lucky" that I got laid off in 2021 after the company I was working for was acquired by private equity. It wasn't a bad time to find a job, and I went looking for something different which ended up being a small, local company that does fairly boring software development.