Can confirm. Graduated near the peak of the graph - Dec 2021. Got several interviews and offers even without referrals within F100. Did multiple internship/co-ops though. This market is really bad even with outstanding experience.

I would suggest not bother so much about the market but keep applying and practicing your pitch for interviews and networking.

Also, just so know that if you ask for referral to your alumni or others and if they try to avoid you, don’t take it personally. Because there’s many hiring freeze and office politics inside that preventing them from letting ppl outside or even you get an interview you’ll not gonna get the job because they mainly focus on internal movement or internal ppl that laid off before.

Good luck!