In actuality, it feels a lot more like project and middle managers getting rid of ICs

I can feel it in the air, every single software business is itching to get rid of as many developers as possible, and move everything to their PMs. Hiring has already almost completely stopped, and some have already started the layoffs. More will come.

Project and top/middle managers exists basically to keep track of what other people are doing and to make sure deadlines are met and processes are followed.

A "dot" can replace easily tons of them.