The truth of that statement depends on what you consider as "coding".
The way I would define it, coding is to software development as cutting is to open heart surgery. It is the final part of the process after 99% of the decision making and application of experience has already been done. There is still some craft or "surgical technique" to it, but the hard part was surely everything that came before (requirements, architecture, design, etc, etc) that got you to the point where all you had left was a bunch of classes and fully specced out modules (and implied test cases) to code up.
I feel that some people, maybe including a lot of the people working at the AI companies, think that the software development job mostly consists of "coding", and perhaps in machine learning (not much code in an LLM!) it mostly does, but if you are a developer and define coding as the final "sit down and implement it" phase, then surely that is the easy part.