I doubt it, software is eating the world, there aren't enough engineers and we see productivity gains like the cloud where you can basically run a global scale business with just a handful of people. We will probably see more of those companies than less.
As talented as the Ukrainian or Estonian engineers might be you're unlikely to see any real savings over time. Just scheduling things a full work day apart in time zones is really difficult. Effectively communicating is even more difficult. Then there's stupid little shit like one machine in a remote office set to a different locale than the main office that breaks things in stupid ways.
Engineering throughput definitely doesn't scale linearly with the size of the engineering team. Good on you for never having managed to have heard of Fred Brooks though.
