OP said LA so while these numbers are a little high they’re not out of the ordinary for a high CoL American city. I live near NYC and prices at fairly mainstream not particularly upscale restaurants and Manhattan are similar to this. As long as you’re living within your means there’s no reason to avoid doing things you enjoy

It’s been going on for nearly a year now, but the layoffs tend to happen in waves because the stock market and investors in general tend to be very reactionary. Also a lot of companies released their quarterly earnings recently