Leading product in enterprise is different. The PM-to-engineer ratio is shifting. The historical norm was one PM for every eight engineers. Now leading companies are experimenting with 1:4, 1:2, even 1:1.

Here's why the math changed. When engineering output is AI-accelerated, the bottleneck is no longer code — it's the quality of the decision feeding the code. One wrong turn now wastes engineer hours, scaffolded multi-agent output, and real token spend. Unclear direction costs more than it ever did. So you need more PMs driving clarity upfront, not fewer.

The role isn't overhead. It's leverage. The teams figuring this out first are treating PM hiring as a multiplier on output, not a tax on it.