Two things can be true:

- You can have a horrible CEO that doesn't value their employees and is trying to devalue labor.

- AI coding tools can be incredible exoskeletons in the hands of skilled engineers and enable them to get much more work done.

Perhaps the real "SaaS-killer" is innovation capital [1] realizing it can take advantage of the various forms of arbitrage and changing of the guards happening now, raise venture capital, and take on the old and slow management-driven businesses.

If you've ever had the itch to fire your boss, now's the time. It's a hard path, there are way more hats to wear, but the dry powder is out there waiting to be deployed.

[1] ICs in both senses of the acronym.

It's also the fun path! Although I think we should acknowledge that most don't have the means to do this. For engineers with a high salary I would advise saving as much as possible so you have more agency.