There's still a lot of confusion on where AI is going to land - there's no doubt that it's helpful, much the same way as spell checkers, IDEs, linters, grammarly, etc, were

But the current layoffs "because AI is taking over" is pure BS, there was an overhire during the lockdowns, and now there's a correction (recall that people were complaining for a while that they landed a job at FAANG only for it to be doing... nothing)

That correction is what's affecting salaries (and "power"), not AI.

/signed someone actually interested in AI and SWE

When I see actual products produced by these "product managers who are writing detailed specs" that don't fall over and die at the first hurdle (see: Every vibe coded, outsourced, half assed PoS on the planet) I will change my mind.

Until then "Computer says No"