The usual story. Everything works, until it doesn't.
If you are a huge corp with good engineering you can have people dedicated to understanding k8s and then it kinda makes sense. They can spend time to learn it really well so that they have necessary chops to deal with problems when they happen.
On the other hand, if you are smaller company, you are more likely embracing this new idea of developers running everything including k8s, you are in for a trouble.
They will know how to make it work but that's about it.
Because if you need to learn everything you actually learn nothing very well. And there certainly isn't enough time in the world to learn everything in development.
My philosophy is applications must be built for when it breaks and it is unacceptable to run an application with a team that will not be able to fix it if it breaks.
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Couple of years ago I joined a small group of teams of developers (together about 40 devs) who together maintained a collection of 140 services, all with same or very similar stack (Java, Spring, REST, RabbitMQ).
They had trouble delivering anything to prod because of complex dependencies, requirements, complex networking, complex process to find out where stuff broke between 7 layers of services between the original user call and the actual execution of their action.
I rolled my sleeves and put everything in a single repo, single build, single set of dependencies, single version, single deployment process, single layer of static app servers.
I left after the team was reduced from 40 to 5. There was no problem delivering anything (we had 60 successful deployments in a row when I left) and the guys who were left admitted they are bored and underutilized because of how easy it is to make changes to the system.
These were still the same guys that were advocating for microservices. From what I heard they are not advocating for microservices anymore.
Can microservices be done well? Sure they can. But it takes additional effort and experience to do it well. Why make your life difficult when it is not needed?