[raw_anon_1111]

The tech incumbents are so entrenched - what competitors do they need to hire more developers to outcompete?

According to all of their latest earning calls, Amazon, Google (?), Microsoft and Apple have all said their revenue growth was constrained by lack of TSMCs manufacturing capacity to get the chips they needed.

All four of them could stop developing new software for a couple of years and not lose any customers. You could probably say the same about the second tier companies like Salesforce and Uber.

The difference is that while the slope might be lower for sales/employees for physical goods as technology gets better, you don’t need more software engineers as more of your digital products are sold