PMs Gain Ground as Engineering Hiring Plateaus and Design Roles Struggle

Lenny's Newsletter's late-2026 review of the tech job market reports that product managers are gaining hiring demand, engineers are plateauing, and designers are under pressure. The analysis also finds that the biggest AI hiring boom is happening outside software companies.

Why it matters: Professionals deciding where to focus their skills or plan their next move can use these role-level hiring trends to guide career and team-planning choices.