because they need to make as many employees quit as quickly as possible if they hope to avoid bankruptcy. i don't think they'll be able to avoid that outcome, instead they'll die trying. maybe their capital and network will be enough to buy them time to fully pivot to hw, though that's probably less of a moat than i believe it is while wearing the rosy glasses of an EE

software is now free, at least for the people that know the proper incantations required to manifest it into existence. software-only companies have no future. sending old-world SWEs into the undiscovered country results in high costs to the unprepared SWEs and high costs to their financiers who lose control as soon as the boots on the ground realize the wildfire is too close for comfort and new winds are blowing

the only viable way to separate assets from liabilities (payroll) fast enough for large corps to catch up with the growing number of claude-unicorn centaurs, and small herds of them, will be bankruptcy (could be wrong, i'm no lawyer)