If all you (not you specifically, more of a royal “you” or “we”) are is a collection of skills centered around putting code into an editor and opening pull requests as fast as possible, then sure, you might be cooked.
But if your job depends on taste, design, intuition, sociability, judgement, coaching, inspiring, explaining, or empathy in the context of using technology to solve human problems, you’ll be fine. The premium for these skills is going _way_ up.
When your title is software engineer, good luck convincing the layoff machine about your taste, design, intuition, sociability, judgement, coaching, inspiring, explaining, or empathy in the context of using technology to solve human problems.
Ah the age old 'but humans have heart, and no machine can replicate that' argument. Good luck!
It turns out that corporations value these things right up until a cheaper almost as good alternative is available.
The writing is on the wall for all white collar work. Not this year or next, but it's coming.
The question isn't whether businesses will have 0 human element to them, the question is does AI offer a big enough gap that technical skills are still required such that technical roles are still hired for. Someone in product can have all of those skills without a computer science degree, with no design experience, and AI will do the technical work at the level of design, implementation, and maintenance. What I am seeing with the new models isn't just writing code, it's taking fundamental problems as input and design wholistic software solutions as output - and the quality is there.