> Code and coding are less valuable than they used to be. As banks cut costs, decommissioning legacy applications is all the rage. UBS said today that it's on t

> Code and coding are less valuable than they used to be. As banks cut costs, decommissioning legacy applications is all the rage. UBS said today that it's on track to cut 3,800 applications between 2023 and 2026. Banks are streamlining tech and focusing on automation; fewer developers will be required overall. Yeah, big banks have been trying to decom outdated, duplicative, or abandoned codebases for a long time. These companies have lots of single-use software floating around.