>My PM is currently shipping major features (with my review) faster and with higher-quality code than any engineer did last year

That's... not a good look for your engineers?

> In a bear market in a bloated company, maybe

Then any company that was staffed at levels needed prior to the arrival of current-level LLM coding assistants is bloated.

If the company was person-hour starved before, a significant amount of that demand is being satisfied by LLMs now.

It all depends on where the company is in the arc of its technology and business development, and where it was when powerful coding agents became viable.