Considering that’s a healthy portion of a salary for an additional employee per person, the fact they’re slashing spending sure makes it look like AI wasn’t even a 2x multiplier at minimum.
We're sitting on a year of more or less capable coding models and I have not exactly seen a revolution in new software being released. AI is likely a force multiplier for specific subsets of individuals and workflows. Coding is not a bottleneck for a lot of systems.
I suspect that SaaS is silently being eaten alive as an industry.
Very likely a negative multiplier.
You could only conclude that if they would have dropped LLMs completely. It just means they see the benefit/cost optimum at a lower point than 100k/programmer.
I also doubt a longterm 2x multiplier for most developers.