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As you can probably guess from the high service-developer ratio, we ended up with lots of “separated” yet tightly-coupled services. This hurt us a lot.This isn't related to Conway law. This is just the team ignoring key design principles, or lacking the discipline to follow these principles.
If you have a small team it is unavoidable that people will work on, or own, several microservices. This does not mean that coupling should increase.