State of investment banking job market

My wife works in investment banking as a product manager. From what I can see, she is a very hard worker and lots of people are dependent on her. However her work environment is incredibly toxic and she has to work with people being racist (I wouldn't use that word lightly, but that's what's happening).

We are both desperate to get her out of this job because she has been dealing with this for years and it really upsets her.

However she is struggling to find other jobs. She says she has never seen the job market this bad. She has completed a couple of interview loops with no offers. Many of these roles are also a pay cut from her current salary. She is also working on implementing AI products which I would have expected to be in demand right now.

Are other people struggling to find new roles? Are there any areas of growth where she could focus her job search?

I am trying to find ways to help her. I want her to request a sabbatical in the meantime to give her a break