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Counter to the narrative of widespread tech layoffs and the questioning of the PM role, the number of open product manager positions globally is the highest it has been in over three years. This indicates a strong, albeit changing, demand for product talent, specifically for the "builder" archetype.

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Experienced product directors and VPs are increasingly leaving management to return to individual contributor roles. Empowered by AI tools, they are drawn to the hands-on satisfaction of building and creating products directly, fulfilling a desire to be a 'maker' again.

In a radical shift, LinkedIn is ending its traditional Associate Product Manager (APM) program. It's being replaced by an Associate Product Builder (APB) program where new hires are trained from day one in coding, design, and product management, reflecting the move toward a consolidated, AI-powered builder role.

The PM role has evolved beyond feature roadmaps to a 'systems thinking' approach, akin to a General Manager. PMs now design entire customer experiences and business systems. This shift is accelerated by AI, which lowers the barriers for PMs to acquire skills outside their core background, whether technical or business-focused.

As AI democratizes the ability to create products, rigid job titles like "Product Manager" and "Engineer" will become obsolete. Meta PM Zevi Arnovitz predicts that responsibilities will merge, and the focus will shift to the act of creation. In the near future, everyone on a product team will simply be a "builder."

As AI commoditizes code, the traditional PM role is bifurcating. One path is becoming a hands-on builder who uses AI to create the product directly. The other is a business-focused strategist who concentrates on GTM, positioning, monetization, and competitive strategy, which AI cannot yet replicate.

The traditional PM role, focused on coordinating and moving information, is being replaced by a demand for "builders" who exercise strong judgment. This fundamental shift, driven by AI, puts a significant portion of current PMs whose primary skill is communication and coordination at career risk.

As AI tools accelerate engineering output, the limiting factor in product development is no longer coding speed but the quality of product discovery and strategy. This increases the demand for effective product managers who can feed the more efficient engineering pipeline.

The core "builder" skills of judgment and systemic thinking are now in demand outside of traditional product and engineering roles. Forward-thinking companies are hiring product leaders for executive positions like Chief HR Officer to apply a product mindset to functions like people operations.

The rise of AI tools isn't replacing the PM role, but transforming it. PMs who embrace an "AI-enhanced" workflow for research, docs, and prototyping will gain a massive productivity advantage, ultimately displacing those who stick to traditional methods.

AI's rise means traditional product roles are merging. Instead of identifying as a PM or designer, focus on your core skills (e.g., visual aesthetics, systems thinking) and use AI to fill gaps. This 'builder' mindset, focused on creating end-to-end, is key for future relevance.