This has been happening before AI, but AI has turned it up to 11. The way I usually put it, senior engineers are the new engineering manager, engineering managers are the new product managers, and product managers are now something in between sales, consultants or social media contacts. AI made senior engineers pick up more product management from their engineering managers, and engineering managers are picking up more sales and social engagement, and product managers are in a limbo but the young ones are pushed to junior engineer roles.

In large companies there is also the politics game. The more freed time senior engineering manager and senior product managers get, the more politics intensives and waste more of their time.

I use the term “product management” in its traditional sense of establishing scope, feature prioritization, user experience, shape of integrations, etc.