I notice this too. What happened to CS degrees? All I meet are React-infused-piles-of-tools people that don't seem to be able to code anything without a mile long pile of tools.
There are ~30K CS graduates from US universities per year. A big chunk of them are international students who have to (or want to) go back home. The remaining ones are being fought over to fill an estimated 500K-1.5M open software engineering jobs. So chances are your company is likely not hiring the cream of the crop.
The recent round of layoffs all put together made up a tiny percent of just the net new headcount added to the industry in just the last ~2 years. And all these companies have already started ramping hiring back up. There is no broad change in tech hiring.
No your just using old numbers. headcount has also shrunk.
You can't use numbers and raw logic because it has various levels of inaccuracies and things you haven't accounted for especially when the numbers and data come from times prior to the layoffs.
Reports from recruiters and people who are unemployed are telling me things that are significantly different. There is a fundamental change in the job market.