Unpopular Opinion
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If you're in the US, you're probably right. After the cancerous growth VC companies dumped the unused software people they hired for no reason other than paper growth, the market showed it's not as desaturated as statistics would make it seem.
On the other hand:
H1-B is a political tool, and I doubt that visa still exists by the end of the year. Plus, the people coming in on H1-B visas are still software developers. They're just from another country.
I have worked at several companies whose terrible, buggy software sold like hot cakes because the competitors were even worse. General consumer software and apps may be pretty saturated, but B2B is an unending race to the bottom, racing for "better than before without being much more expensive".
Helps not to be American. Or if you are, look for software jobs in defence.
AI is going to change the industry for sure. Lots of dumb framework copy/pasting jobs are going to disappear, but among the mess people with actual knowledge are going to be incredibly valuable.
I do expect programmer careers to start paying out significantly less over the coming times, but mostly if you're used to the ridiculously high wages software development pays in the US.
I've found a new software dev job within biking distance in less than three weeks, after submitting my CV a total of three times. The B2B sector is still growing.
What's your basis for expecting H1-B to no longer exist? Elon Musk is arguable one of the most powerful people in American politics. His companies rely heavily on H1-B visas. He has recently publicly called for them to be more than doubled
H1-B is a great boon for the American economy and it'd be absolutely idiotic to get rid of it, but the current American government runs on a platform of xenophobia, racism, and plain lies. They're stupid enough to kick out all the illegal residents that harvest the crops and take care of trades, so I don't see why they wouldn't be stupid enough to end the programs that essentially bring in cheap, highly-educated labour into the country.
I know Elon is profiting massively of H-1B, but that doesn't mean there won't be some kind of special exception for Elon's companies. The current government is also getting rid of electric chargers along federal roads, while at the same time peddling Teslas at the white house.
As for a source rather than a generic feeling: Project 2025's handbook, basically a step-by-step guide of what the current American leadership is working on, page 150, mentions H-1B reform as a goal:
Read to me like they're trying to restrict H-1B to what it was originally intended to be: supplementing highly-educated labour where necessary, rather than allowing tech companies to cheaply import labour from poorer countries. Thing is, the US doesn't need that much extra highly-educated labour in fields like computer science. When I see these people write down "reform", I interpret that as "completely tearing down and replacing whatever was there with a new system".
I that point made no sense in context of what happened after the election where first lady trump tucked his dick on the h1b issue after president musk has spoken.
Disgusting