It would be great net result for our brains, however too much money has been poured into this business to give up on that. My belief they will push for SWE layoffs trying to position LLM-based agents as a cost efficient alternative to human programmers. Which is extremely stupid and short-sighted but that's the strategy.

Literally half of the work we did the last 12 months was this. Refactor and fix, performance improvements, security hole fillings etc. We have one or two devs doing visible feature work, the rest of us is making the system rock solid.