That is what happens when you mix a fucking CEO with tech "How many workers can I fire to make more money and boast about my achievements in the annual conference of mega yacht owners" where as the correct question should obviously have always been (unless you are a psychopath) "how can I use this tech to boost productivity of my workers so they can produce the same amount of work in less amount of time and have more personal time for themselves"
Also these idiots always forget the "problem solving" part of most programming tasks which is still beyond the capability of LLMs. Sure have LLMs do the mundane stuff so that programmers can spend time on stuff that is more rewarding? No instead lets try to fire everyone.