Not really.
It can refer to social progressives. And that's how a lot of people think of it.
Neoliberalism is definitely pro capitalism.
Maybe y'all mixing up libertarians with liberals.
Here is Google output:
Core Beliefs: Emphasizes individual freedom, rights, and self-determination, with a belief in government's role to protect these rights and promote equality.
Classical Liberalism: Focused on limited government, private property, and consent of the governed (think John Locke).
Modern Liberalism: Seeks broader social justice, economic equality, and government action to solve societal problems (e.g., welfare, civil rights).
Key Values: Fairness, harm reduction, liberty, democracy, human rights, and rule of law.
Liberalism doesn't believe the government should dictate a lot of small things but still believes the government should ensure everyone has equal rights. And should protect the people from some harms like exploitation, dangerous products, pollution, etc.