If this were remotely true, there wouldn't have huge layoff rounds. The opposite is true: they hire thousands upon thousands of people and teach them how to build scalable software, and then set them loose. I'm frankly surprised by the lack of competition, but I suppose that's gated at multiple levels (visas, personal risk, funding, network effects, etc)
>teach them how to build scalable software
Don't they screen to hire people who already know that?
It was true. Then they needed money for other things and whole orgs get laid off.