Not all hardware is digital. RF design, radars, etc... are more an art than a science, in many aspects. I would expect a Physics-trained student to be more adaptable to that type of EE work than a CS student...
A lot of RF design has been reduced to arrays of dumb antennas that are wired together in software. Starlink is probably the best example of this right now.
You still need people who can build the analog systems and engineer the nasty parts of the signal chain, but you don't need a lot of them.