Yea, we're basically not hiring anyone that isn't a senior developer already. That's going to be a huge problem eventually but not my problem to deal with.

My best advice for folks that want to get into software now is be willing to do it cheap for awhile and then jump once you've developed some skills. If you were getting into this industry for the money you're properly fucked and I hope you didn't load up on debt. If you're passionate about building stuff there's still room but the path forward is a lot murkier.

tbh, it was always kind of difficult to get a job as a Junior engineer, I had to work for free for almost a year to get the job then slowly grind my way up for higher salary

This is a good point. So many stories on Reddit of college grads in computer science unable to find work despite being qualified.