It's because the 10x engineer is real: many people learn coding just for earning money, not like 20 years ago when most people did it out of passion. This means

It's because the 10x engineer is real: many people learn coding just for earning money, not like 20 years ago when most people did it out of passion. This means that there are more people that can't provide enough business value to be justified in a tech company. At the same time they can use their coding skills to make non-tech office jobs more automated.