Is CS going to become an overcrowded industry?

I disagree with Computer Engineering is better than CS comment. I majored in Computer a Engineering. If you listen to the stock market, most of these hardware companies are doing badly. More layoffs. Qualcomm recently announced big layoff. Broadcom was bought out by another company. Intel didn’t do so well. So on and so forth. Defense companies are 80% software, they are the ones that usually have more hardware need. I’m only aware of Nest as a hardware company that is hiring, even though Google has selective hiring now.