Not really. It's just a bad market. There are ebbs and flows in the market. This is the 2008 of developers. Tech bros are a lot like finance bros in the sense that we are compensated highly in good times, because of the instability of bad times.
Imagine if a finance bro from 2007 decided to quit because of the great recession. He'd miss out on the incredible hiring , bonuses and wage growth in 2012. Some of the wealthiest bankers, consultants, and private equity guys in 2025 were from that 2008 graduating class.
I really wish they would teach the history of computer science in undergrad courses. They waste time with that bullsht engineering ethics course, but we need history more for the new guys.
Historically, We went through a similar thing with both outsourcing and ai in the 80s computer crash and the 00s dotcom bubble crash. Before LLMs, they used to scare programmers with ibm's "expert systems" version of AI , but that all fizzled into nothingness. Before india, they used to scare entry level programmers with koreans. So you gotta look at this in a longterm perspective.
Worst case scenario, you can shelter in an adjacent field until things chill. Recall that your CS degree qualifies you not only for web dev, but also database design, embedded systems, financial analyst gigs, data science work with R or Python, cyber sec, and IT management .