F
A presentation by Robert Riopel

The End
of Figma.

What design tools taught us, why they're disappearing, and what comes next.

Updated October 2026 · 12 sources · ~8 min read

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01 · What is Figma

Let me tell you about Figma.

Figma launched in 2016 and changed everything. It was browser-based, real-time and collaborative, and it replaced the clunky, file-on-your-hard-drive tools designers had been fighting with for years.

Its real breakthrough wasn’t a drawing tool. It was multiplayer: designers, product managers and engineers in the same file, at the same time. Design stopped being a handoff and became a shared workspace.

If you worked in product design between 2017 and 2023, knowing Figma deeply was a career skill. It was the tool that separated designers who knew what they were doing from designers who didn’t.

02 · The Adobe Moment

Adobe tried to buy it
for $20 billion.

In September 2022, Adobe announced it would acquire Figma for roughly $20 billion, one of the largest software acquisitions ever announced. Fifteen months later the deal was dead. Facing objections from regulators in the UK and the European Union, the two companies called it off in December 2023,1 and Adobe paid Figma a $1 billion termination fee.2

Adobe had decades of dominance with Photoshop and Illustrator, and its own Figma competitor in XD, and still felt the need to spend $20 billion to neutralize a startup. After the deal collapsed, Adobe said it had no plans to invest further in XD.3

Figma went public on its own instead, pricing its IPO at $33 a share in July 20254 and soaring on its first day of trading. Then the line started to bend the other way.

Figma (NYSE: FIG) share price since its July 2025 IPO
Figma (NYSE: FIG) share price since IPO411

BUT the real threat to Figma was never Adobe. It was something else entirely.

03 · The Real Threat

Artificial
Intelligence.

The thing Adobe couldn't buy its way out of.

04 · The Timeline

Then it happened
fast.

For most of a decade, the threat to a design tool was another design tool. Over the last eighteen months, the threat stopped being a tool at all.

  1. April 2025Figma’s own survey of 2,500 designers and developers: 78% say AI significantly improves their efficiency, but only 32% say they can rely on its output.5
  2. May 2025Anthropic makes Claude Code generally available: an agentic tool that writes and changes real software from plain-language instructions.6
  3. May 2025At Config, Figma launches Figma Make, its own prompt-to-code tool. The incumbent starts building the thing that threatens it.7
  4. July 2025Figma goes public at $33 a share.4
  5. November 2025“Vibe coding”, building software by describing it to AI, is named Collins Dictionary’s Word of the Year.8
  6. March 2026Google ships a “vibe design” update to Stitch. Figma’s stock falls 12% in two days.9
  7. April 2026Anthropic launches Claude Design, turning conversations into designs, interactive prototypes and decks.10
  8. First half of 2026Figma shares fall 51.6% in six months, while revenue grows 46% year over year.11

Read that last line again. The business was growing. The market was pricing in what comes next.

05 · Two Things I Built

Here's what
I shipped.

Here are two things I've shipped at RVezy that didn't exist in a designer's toolkit two years ago.

01

The Email Builder

Our email production workflow was: design in Figma, export with Emailify (the worst plugin ever built), hand off to Braze, fix everything that broke.

In just a few days I built an internal Next.js tool that replaced the entire chain. Pick a template, configure blocks, preview in dark and light mode, and copy the HTML. No Figma. No code.

→ Live Demo
02

The Figma Plugin and the Brain Behind It

I built an AI-powered Figma plugin that generates production-ready Vue and Tailwind components pulled directly from our design system.

The brain behind it is those two files: the design system doc and the color registry. The plugin is just the hands.

rvezy-design-system.md
# RVezy Design System v2.0
# Vue 3 + Tailwind CSS v4

## Button
Variants: default | highlight | secondary
Sizes: sm (h-9) | md (h-11) | lg (h-13)
Always: rounded-full, border-2, font-semibold

default:   bg-primary-950 text-white
highlight: bg-secondary text-white
secondary: bg-white text-primary-950

## Badge
success: bg-green-100 text-green-700
warning: bg-orange-100 text-orange-700
error:   bg-red-100 text-red-700
colors-rgb.json
// Brand colors as RGB values
// readable by any tool or model

"primary": {
  "500": { "r": 0.184, "g": 0.706, "b": 1.0 },
  "600": { "r": 0.153, "g": 0.427, "b": 0.973 },
  "950": { "r": 0.075, "g": 0.145, "b": 0.345 }
},
"semantic": {
  "secondary": { "r": 0.153, "g": 0.427, "b": 0.973 },
  "white":     { "r": 1.0,   "g": 1.0,   "b": 1.0 },
  "black":     { "r": 0.0,   "g": 0.0,   "b": 0.0 }
}
06 · How I Work Now

Figma is the
last step.

Two years ago, every idea I had started as a rectangle on a Figma canvas. Today, by the time I open Figma, the idea has already been explored, built in real code and tested against real data. This is the toolkit I reach for first, and the one I’d expect any senior designer to be fluent in.

01 · Language
Tailwind CSS & shadcn/ui

Before I design anything, I decide what it’s made of. Tailwind gives design and engineering one shared vocabulary of tokens, spacing and type. shadcn/ui gives me accessible, well-built primitives to compose from, instead of redrawing buttons from scratch.

02 · Explore
Claude Design & Google Stitch

This is where ideas are born now. I describe the problem, not the pixels, and get several genuinely different directions in minutes, from layouts to clickable prototypes I can critique.109 The tools generate; my job is knowing which direction is right, and why.

03 · Prove
Claude Code & v0

The fastest way to end a debate is a working prototype. With Claude Code I build the idea against our real codebase and real data, so I’m testing behaviour and edge cases, not a picture of them.6 For quick standalone experiments, v0 turns a prompt into a React and shadcn/ui prototype.12 This page, and the site it lives on, were built the same way.

04 · Polish
Figma

Figma is still in the workflow. It’s where I refine the craft, document decisions and align the team. Tellingly, Figma is moving the same way: Figma Make turns prompts into working prototypes.7

Tailwind
Design language
→
Claude Design
Exploration
→
Claude Code
Real prototype
→
Figma
Final polish

Figma is still there. It’s just no longer where ideas are born. It’s where they’re finished.

07 · So Is Design Dead?

The tool was
never the skill.

A designer's career has historically been built on being very good at specific software: Figma, Photoshop before that, XD in between.

So when I say Figma is losing relevance, I'm saying it as someone whose identity was tied to it.

The designers who are thriving right now aren't the ones who resisted these tools. They're the ones who recognized what actually made them good in the first place. It was never really about the software.

AI can generate a UI in seconds, but it cannot tell you whether that UI respects your user. That part still requires a human.

In a world flooded with AI-generated interfaces, taste is becoming rarer and more valuable, not less. I'm not watching this shift from the outside. I'm building inside it, at RVezy, every day.

Sources & further reading

The research.

  1. CNBC · Dec 18, 2023Adobe and Figma call off $20 billion acquisition after regulatory scrutiny
  2. Adobe Inc. (SEC Form 8-K) · Dec 2023Termination of the Figma merger agreement and $1 billion termination fee
  3. The Register · Jan 31, 2024Adobe: “No plans” to invest in XD despite its Figma failure
  4. Figma · Jul 30, 2025Figma announces pricing of initial public offering
  5. Figma · Apr 24, 2025Figma’s 2025 AI report: Perspectives from designers and developers
  6. Anthropic · May 22, 2025Introducing Claude 4 (including Claude Code general availability)
  7. Figma · May 2025Config 2025: Pushing design further
  8. Collins Dictionary · Nov 6, 2025Collins’ Word of the Year 2025: AI meets authenticity as society shifts
  9. CNBC · Mar 19, 2026Figma’s stock drops 12% in two days after Google releases “vibe design” product
  10. VentureBeat · Apr 17, 2026Anthropic just launched Claude Design, an AI tool that turns prompts into prototypes and challenges Figma
  11. The Motley Fool · Jul 10, 2026Why Figma stock lost 52% in the first half of 2026
  12. Vercel · Oct 2023Announcing v0: Generative UI

Research compiled October 2026. Market figures as reported at time of publication.