Is recruiting as a job dying out?

For context, I've been recruiting for around 8 years, mostly in creative industry and a mix of staffing agencies and working in-house. I haven't had a real recruiter job since the tech layoffs in 2023 and I just keep seeing recruiters out of work... how many of you still have jobs? Like, full time jobs, not a freelance or part-time job? It's brutal out here... I made it to the 4th round of an interview and they passed, and now I'm just feeling defeated..