I have seen that quite often with my ex-colleague. Some people have been working on the company for ages, solving issues in the same business realm and just at the beginning of the next big thing in the company, they decide it is time to go someplace else.
I used to think they were just afraid they could not compete, or were technically rusty. With many more years in the industry, I understand that the most likely reason is that they didn't want to commit to another round of the same bullshit with new shiny tech on top of it and they simply needed some fresh air.
We are lucky to be employed in an industry where you can still say fuck it and find something else to do instead.
Quite frankly I still compile my old stuff now and then, but I have no regrets leaving it all for the hipsters to fight over.
AVFoundation is in nearly every way superior to QuickTime, minus the fact that you couldn't make ref movies with it until El Capitan.
QuickTime's API sucks in comparison.
Source: I write a video editor for macOS.