While I agree with a lot you are saying there are a lot of companies doing embedded work that require custom boards to be built and matched with the firmware/software. In such a case understanding the electronics side of things is far more important as it can change quite a bit depending on the implementation.
It is definitely true that complex hardware probably needs a couple of electronic engineers and probably a mechanical engineer too.
But unless you are building a complex analogue circuit, your complexity is largely dominated in software.
I can't think of a single complex non-analogue circuit where your software would be simpler than your hardware.
Even complex analogue components these days relay on software (ie. oscilloscope is by far dominated by software complexity)
The end result is that your software team usually dominates in size.
In my opinion, electronics design has become super niche.
You mostly end up these days just buying off the shelf chips and putting them together the way the data sheets suggest (ie. reference implementation) and maybe tweak a thing or two.
And if you can avoid needing to create your own PCB even better.
An STM32/ARM micro and a few extra things on a board is 99% of the designs we see anymore.
What I have seen locally are products like Geyser wise/Security stuff like gate control, etc. still using micros like Pic with a lot of problems solved in hardware.
It is clear those folks are centered in the hardware design space and they try to solve problems in hardware.
Although that is totally possible it has several significant disadvantages
1) It costs more per device
2) it limits the ability to change things later
3) Uses more expensive chips like PIC micro controllers.
Another side affect is lack of features for above. For a lot of security products the idea that something is IOT and can be accessed through a web-UI is like unheard of, or packaged as an "commercial" product with outrageous price tags.