Serverless computing and hardware disaggregation are re- cent movements that have progressed largely independently, even though they share a common goal: to shape the future of cloud computing. Serverless computing is a software layer that simplifies cloud programming, even without changes to the underlying hardware, whereas hardware disaggregation challenges the established approach to data center architec- ture, breaking up traditional server units into their individual components and rewiring them in alternative ways. While a superficial similarity is apparent, the two movements are synergistic in fundamental technical ways. Cross-pollination of ideas promises advances on both sides, and co-design could be essential and rewarding in the long run.