Yes, if you want to put words in that sense. It is not necessarily that severe, but if I were you, I would definitely be alert.

I don't have to tell you the problem with the IT industry today, I believe that you are already aware of it. If you consider changing your career and are wish to stay in the IT field, consider changing to something like an SA. This has nothing to do with fate, but an SA position seems to be a more stable job compared to programming.