I attended a design conference last week where Figma has been basically delegated as a design library tool, and that was it. They'd use it as a source of truth for components such as buttons, colors, typography, etc, but the actual design work that was being done was done through Claude Code. Multiple designers who had this stack said that they preferred it as their designs were now closer to what the end user would experience (i.e. code). One person actually eschewed Figma completely and used Storybook as the source of UI truth. I think that Figmas moat is a lot smaller than people think and that within a year or 2 there's going to be some very solid competitors out there.
Yep that’s my experience too.
Why bother with a drawing tool when you can literally mockup with real components and react etc.
They’ll always be visually consistent if you set things up that way. And the agents can help you with it.
The stock is tanking. Their moat is small to non-existent.
Kind of crazy considering how while teams (even dev) were forced into using it be the designers.
I haven’t even seen it mentioned at work recently.
Yep, my experience as well coming from Big Tech although they'll be buoyed by intertia for some time. And yes, source of truth just makes more sense in code, so I don't think there's much of a moat there either. I think there's still value in this collaboration layer, but collaboration will change substantially as well and take a different shape. The world where the design team spends weeks / months designing, refining, and doing crits on the same file just doesn't make sense now - it was driven by the high costs of implementation so the decisions had to be made upfront. That's going to change.