There's always another feature that can be implemented or a new problem to be solved. Tools only ever accelerated the pace at which we were able to follow this insatiable hunger for more software.
Right now people are getting fired left and right because all the money that used to be spent on staff now goes to build more data centers and also because cutting corporate expenses is in vogue now.
This too shall pass and with demographics as they are and young people getting discouraged from pursuing this field I believe long term my position is safe.
Also a huge chunk of what AI company CEOs say is just pure bullshit that they only say because they need that sweet, sweet investor money. Bullshit writes a check that eventually must be cashed.
Big business is going to struggle with building software for a while. Writing code is often not the hard part there already, coordination, larger understanding of the system is I think.
FWIW, it's just a few large companies laying off large groups, not so much people getting fired left and right at a lot of companies. What is happening at a lot of companies is that they aren't hiring juniors, because, why would you when LLMs are cheaper and fill that role perfectly (if you actually treat them like juniors).