There was another post a while ago, that showed how all the money in Tech was gathering people from all other professions like Finance, Law, etc. And that's how tech workforces ballooned in the last decade, and exploded during the pandemic. Now a lot of that is being dialed down, with cost controls.
But, it's a result of where the money lies. And has been done in industries and periods past. Tech realized that every company needs to be honing their product strategy, it's not cool that your tech is awesome, but you need sell it. I think this group structure is more useful than the legacy agile/ with a scrum master model. PMs can steer the ship and handle all the roles of a business analyst, scrum master, and to some degree maybe even merge with an engineering manager (might be going towards that), but perhaps it was a good idea to separate engineering and product/business decisions.
But, it's a result of where the money lies. And has been done in industries and periods past. Tech realized that every company needs to be honing their product strategy, it's not cool that your tech is awesome, but you need sell it. I think this group structure is more useful than the legacy agile/ with a scrum master model. PMs can steer the ship and handle all the roles of a business analyst, scrum master, and to some degree maybe even merge with an engineering manager (might be going towards that), but perhaps it was a good idea to separate engineering and product/business decisions.