Agree, the death of the junior SWE is greatly exaggerated. (At least in FAANG)
Maybe there was some idea that if AI actually solved software engineering in a few years you wouldn't need any more SWEs. Industry is moving away from that idea this year.
The death, maybe, but not the lack of hiring. At $BIGCORP, where I work, I haven't seen an externally hired junior dev in at least 2 years in an extended team of ~100 people.