You become a 'senior dev" by running a company / startup yourself, since it is clear that after the tech layoffs, almost no-one has the money or profits to hire any new developers - junior and senior, which is why I say they are both affected.
But even then, self-proclaimed seniors are too scared to start their own startup(s) now because of (1) Unfavourable market conditions (2) VCs hesitant to raise money (3) ChatGPT will extinguish their startup; even if it uses "AI".
I guess this was the result of a decades long quantitive easing, near zero interest rate bubble of cheap money that had to collapse.
I don't think starting a company will be that successful if you lack enough experience to be hired at any existing companies. The survivorship bias in tech is huge. Most things fail.
But even then, self-proclaimed seniors are too scared to start their own startup(s) now because of (1) Unfavourable market conditions (2) VCs hesitant to raise money (3) ChatGPT will extinguish their startup; even if it uses "AI".
I guess this was the result of a decades long quantitive easing, near zero interest rate bubble of cheap money that had to collapse.