I think it's heavily dependent on what type of dev role it is. There has always been a split between the startups and the corporate world.

In the case of working at startups, I'd agree that you don't (and never really needed to) hire extra devs.

Since this is HN, I know most hate corporate jobs, but that's where all the stability is and where AI is struggling to find footing. This rejection of AI puts a sorely needed spotlight on the cultural divide, and much of SV bet way too big on the wrong side of this misunderstanding.