Surely there are some insanely smart people amongst the 100s of thousands of laid off supposedly god tier software engineers and adjacent who will start new companies maybe even spawn a new industry?

Feels like a problem that will solve itself. There are more cars today than people ever had horses.

Cars were more efficient horses. AI is not more efficient people. It's an excuse to reduce payroll. Capital is fundamentally antagonistic to labor, because labor is an eternal cost center that until AI, never had a solution.