Have seen the same thing happen to literary translator friends. Barring the very rare few who broke through to international fame via well-known literary award, the rest were largely sustaining themselves with more mundane business translations and that work is ended.
My father knows a guy that financed a Texas mansion, for $2MM, using the collateral from his decade of running a very large technical document translation service (US resident, using foreign workforce from his homeland), popular throughout the 2010s.
Was a beautiful house, which I briefly lived in during scatterbrained renovations (never met the new owner).
The bank forclosed on his house ~late2024/early2025... anybody can now just use an LLM to translate (in real time), on sub-$300 hardware (offline, open-source models run via e.g: Whisper[GUI]).
