Obviously. Hardware designers absolutely love to think that hardware design is totally different to software design and only they have the skills, but in reality it's barely diffetent. Stuff runs in parallel. You occasionally have to know about really hardware things like timing and metastability. But the venn diagram of hardware/software design skills is pretty much two identical circles.
The reason for the "talent shortage" (aka "talent more expensive than we'd like") is really just because hardware design is a niche field that most people a) don't need to do, b) can't access because almost all the tools are proprietary and c) can't afford, outside of tiny FPGAs.
If Intel or AMD ever release a CPU range that comes with an eFPGA as standard that's fully documented with free tooling then you'll suddenly see a lot more talent appear as if by magic.
The reason for the "talent shortage" (aka "talent more expensive than we'd like") is really just because hardware design is a niche field that most people a) don't need to do, b) can't access because almost all the tools are proprietary and c) can't afford, outside of tiny FPGAs.
If Intel or AMD ever release a CPU range that comes with an eFPGA as standard that's fully documented with free tooling then you'll suddenly see a lot more talent appear as if by magic.