There’s inevitably going to be some rebounding from this. It’s probably true that the large language models these companies are betting their businesses on can do some of the things entry-level grads do, but we’ve already seen several of them fail because their MBAs didn’t realize that just barfing out code is only one part of what developers do.

Source: Am developer, currently working with LLMs and related tech, none of which would be able to get anywhere without someone like me doing the work.