Yes, it is much harder to approach the job market than before—not impossible, but I would take a different approach while looking for a job. It is important to consider the emerging skills the market needs, as well as soft skills and networking. If I were looking for a job, I would allocate 30% or less of my efforts to job applications and 70% or more to networking and making myself visible to the company I intend to work with - It is very likely that design teams will be smaller, but many new businesses are also expected to emerge, thanks to AI. =) .