I don't know what to believe, long or short term; I'm just speculating based on what I perceive to be a majority of software job opportunities and hypothetical immediate impacts.
My basic conclusion is "they seem quite good (enough) at what appears to be a large portion of 'Dev' jobs" and I can't ignore the possibility of this having a material impact on opportunities.
At this point I'm agnostic on the future of GenAI impacts in any given area. I just no longer have solid ground upon which to have an opinion.