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There's always work in IT. For junior software engineers it might actually be easier to find positions since everyone seems to be interested in firing their seniors to cut costs, but that doesn't eliminate the work and the remaining seniors can't always take on the increased load. Just float your resume around to the large consulting firms, but realize that, as a junior, they're going to pay you a lower rate.
I was going to say the same thing. Companies are cutting costs and may opt to have less-expensive junior devs fill in the gaps of layoffs. Don’t let it get you down, just keep applying. Your fresh perspective is very valuable.
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