VC
Value Add VC
⚡HomePulse⚡Helpful Apps📝Blog
← Value Add PulseAI

AI Was Supposed to Kill Engineering Jobs -- New Data Suggests They're the Most Resilient

Despite predictions that AI coding tools would gut software engineering employment, new data suggests engineering roles are among the most resilient to AI disruption, according to TechCrunch. The finding complicates the dominant narrative -- reinforced this week by SpaceX's $60B Cursor deal -- that agentic coding is rapidly replacing human developers.

Engineering roles resilient to AI
Claim
AI kills coding jobs
Narrative Challenged
Agentic coding boom
Context
New employment data
Source
TC
Trace Cohen
Early-stage VC & angel · Founder, New York Venture Partners
June 24, 2026
2 min read
KEY TAKEAWAYS FOR VCs & FOUNDERS
1

It challenges the loudest narrative in tech -- that AI coding tools are about to eliminate engineering jobs

2

Resilient engineering demand reshapes how founders should think about team building and burn

3

It complicates the investment thesis behind sky-high valuations for code-automation startups

4

The data point lands the same week SpaceX paid $60B for Cursor on the premise AI replaces engineers

TC
The VC Read · Trace's TakeTrace Cohen

The 'AI is killing engineering jobs' narrative is the loudest in tech and this data quietly contradicts it -- which matters enormously the same week SpaceX paid $60B for Cursor on the opposite premise. The likely truth is the productivity paradox: make building software 10x cheaper and you don't need fewer engineers, you build 10x more software. The work shifts to architecture, review and orchestration, not implementation. For founders, treat AI as leverage to build more, not an excuse to cut headcount -- the engineers who master these tools get more valuable, not less. For investors in code-automation, that's a yellow flag worth pricing into the replace-the-developer pitch.

🤖 AI Landscape →Enterprise AI Agents →

New data suggests that software engineering jobs -- long predicted to be among the first casualties of AI -- are in fact some of the most resilient roles to AI-driven disruption, according to TechCrunch. The finding cuts against a narrative that has hardened into conventional wisdom as agentic coding tools have proliferated.

The prevailing story has been stark: tools like GitHub Copilot, Cursor and Cognition's Devin can write, modify and debug code, so the number of human engineers needed should collapse. That assumption has driven both corporate hiring caution and eye-watering valuations for code-automation startups -- crystallized this very week by SpaceX's $60 billion acquisition of Cursor, a deal premised partly on enterprises 'significantly paring back their reliance on human engineers.'

The new data complicates that tidy thesis. One plausible reading is the productivity paradox: when a task gets dramatically cheaper, demand for it often rises rather than falls, because more software becomes economically worth building. AI may be making each engineer more productive while simultaneously expanding the universe of projects worth pursuing, leaving aggregate demand for engineering judgment intact or even growing. What changes is the nature of the work -- more architecture, review, and orchestration of AI tools, less rote implementation.

“What changes is the nature of the work -- more architecture, review, and orchestration of AI tools, less rote implementation.”

The context is a labor market where AI's impact has been deeply uneven, hitting some white-collar functions hard while leaving others surprisingly stable. Engineering's resilience, if it holds, suggests that roles combining judgment, system design and accountability are harder to automate than roles that are primarily about producing standardized output.

For founders, the implication is practical: AI tooling should be treated as leverage that lets a given team build more, not primarily as a way to shrink headcount -- and the engineers who master AI tools become more valuable, not less. For investors in code-automation companies, the data is a yellow flag worth weighing against the dominant 'AI replaces developers' pitch underpinning valuations.

The bear case on the bullish read: it is early, the data is noisy, and a genuine step-change in agent capability could still compress demand later. What to watch: whether engineering employment holds up through the next wave of agentic tools, how enterprise hiring patterns actually shift, and whether the 'AI replaces engineers' valuations survive contact with the data.

ShareXLinkedInEmail
More onSpaceX →Cursor →

Originally reported by TechCrunch. Analysis and editorial commentary by Value Add Pulse.

← Back to Pulse

Markets Now

live
SPCX▲+1.89%
$231.40
CBRS▲+0.51%
$258.10
SPY▲+0.09%
5,948.20
QQQ▲+0.13%
20,038.10
NVDA▲+0.46%
$153.60
MSFT▲+0.29%
$481.20
GOOGL▼-0.33%
$208.40
META▲+0.38%
$653.90

Read Next

AI28.8M exchanges

Anthropic Accuses Alibaba of Largest-Ever Attempt to Distill Claude's Capabilities

Anthropic accused Alibaba of illicitly extracting capabilities from its Claude models in what it called the largest known attack of its kind, according to a letter seen by Reuters. The campaign ran from April 22 to June 5, generating more than 28.8 million exchanges with Claude across nearly 25,000 fraudulent accounts, in what Anthropic describes as a distillation effort to accelerate China toward its frontier 'Mythos' capabilities.

AI

Meta Revives Facebook's Creator Studio as a Standalone AI Companion App

Meta has relaunched Facebook's Creator Studio as an AI companion app, repositioning a dormant publishing dashboard into an AI-powered assistant for content creators. The move folds Meta's generative tools into a dedicated creator product, part of a broader push to embed AI across its apps and keep creators inside its ecosystem rather than defecting to rival tools.

AI

Google Keeps Losing AI Researchers to Rivals as the Talent War Intensifies

AI researchers are continuing to depart Google for its rivals, according to TechCrunch, extending a steady exodus of senior talent from the company that pioneered the transformer. The brain drain -- toward OpenAI, Anthropic, startups and well-funded new labs -- underscores how the scarcest resource in AI is not compute or capital but the small pool of people who can build frontier systems.

@Trace_Cohen·t@nyvp.com