They hire juniors, give them Claude Code and some specs and save a mid/senior devs salary. I believe coding is over for SWE's by end of 2027, but will take time to diffuse though the economy hence still need some cheap labour for a few years, given the H1-B ban this is one way without offshoring.

I want the big_model take.

If you had a truly thorough QA department, you might get away with that. Sadly, trashing QA is everyone’s second favorite new fad.