If you're a more senior person in tech, this post is effectively saying that a large portion of your skillset is about to become completely worthless. This goes beyond the skills involved in writing the code. Everything that you've learned over years about how to determine whether code is good or bad, and what practices make an engineering team effective is not just obsolete, it's fundamentally counter-productive because it assumes a slow, human-centric process that requires you to actually review and understand the code. Even your ability to mentor junior engineers is now obsolete, because all that experience you've built up is now worthless to them.
If this is the approach the industry takes, particularly when combined with a lack of interest in quality from the business (and let's face it, consumers have shown us that they're happy to pay for cheap crap), it's hard to see much of a future for software engineers. You don't need thousands of people with deep technical expertise, you need a handful of manager-types, who will focus on defining product and business requirements and configuring how the AI gets enough context to implement the requirements.
Maybe, if we're extremely lucky, there's so much demand for software that total employment doesn't fall off a cliff, but the nature of the work will change so much that many older, more expensive engineers will become unemployable. Those who remain will have to accept that the skills they spend decades developing are now worthless, that younger engineers no longer respect or listen to them, that the business no longer sees them as experts worthy of respect, but old fogies who grew up in a different world.
Joe Biden liked to say that a job is more than just a paycheck, it's part of your identity and your sense of self-worth. We're all very used to a certain level of respect (and commensurate remuneration). If you don't think that's true, compare how a software engineer is treated to how a warehouse worker is treated. What happens when we lose that?