Yes, morale is low.
There are challenges, especially when we look at younger people who are trying to enter the market. As noted, the closures are not providing that formal next step. That has a profound impact on how we are all working, especially as younger people are gathering information from other spaces.
What you often see is that younger people are looking for news and information in different ways and forms, and those maybe aren't as informed, are more opinionated or are skewed toward sharing to the community that is giving them likes and thanks, as opposed to providing truth-supported information.