No. Each developer requires an exclusive licence.
It is possible to reassign licences amongst members of an organisation. If an organisation has purchased a set of licences for their software development team, then when a team member leaves the team their licence seat can be reassigned to a new team member. Reassigning licences can be done using the
account dashboard of the licence purchaser.
Reassigning licences should not be done very frequently. This is not a mechanism designed to optimise the minimum number of licences required. If you have multiple developers regularly, but non-concurrently, contributing code to software containing Tracktion Engine then you will require multiple licences.