It's the end of era where the plucky code crafter gets to have a seat at the table of production. Those skills are going to become less and less useful going forward. Industry is going to stop hiring those types.

The future of software looks a lot more like factory production lines with a small group of architect-tier engineers working on a design with product management and then feeding it into the factory for prototyping and production.

If you're not an experienced late senior or principal engineer at your career stage by now there is basically no future for you in this industry. Lower end roles will continue to be reduced. People who can build and maintain the factory and understand its outputs are going to be the remaining high-value software talent.