I should know...I am a certified solutions architect in both platforms, and there is basically no one anywhere standing up new implementations. The only work left is for existing installations needing maintenance and extension, or for porting data to the cloud. 6 month contracts, all.
Fortunately I can do about a dozen other things. Not starving. Yet.
You Peoplesoft folk were way overpaid anyways! Y'all should have put up a few bucks while the weather was still warm!