Very true. The reason is that there is over supply due to low barriers in entry for Sales and Marketing roles. It is very easy to enter (but very difficult to master) this domain.
Secondly, the market is specifically down for digital marketing roles as it is the first casualty in higher CAC companies. Marketing is in many ways a Cost centre and not a Revenue Centre and this realisation has hit it hard.
Thirdly, like everybody else mentioned, the macro- market conditions are not conducive for a change.
It is indeed super hard and it took me well over a year to get a new role and that role was not as expected too.