Is search engine optimization over?

With all the recent updates to the algos on google, you wouldn't be surprised if people stopped doing seo.. or even relying on search engine traffic completely.. and that right pretty much seo is dead and websites even if they are not even a spammer and have a good website are not on the search engines.. there are a number of reasons like negative seo.. or the steady accumulation of spam backlinks a website naturally get over time thanks to just being on the internet..(whois websites and scrapers) meaning no website unless a huge big brand with millions of links can survive... Thats the truth!