"Maybe even worse than that is the companies thinking they can reduce 10% of their workforce and compensate with LLMs"
It's significantly dumber than that. Companies are paying to pour all of their domain and institutional knowledge, processes, and data into the training pipeline of tools their competitors use. Even better, they ignore the fact that as these tools gain competency the owners of these systems are guaranteed to start spinning up integrated industry verticals in direct competition.
Tried to tell that to my executive suite and they told me I was being ridiculous. Showed them OpenAIs "digital program management" for USG projects and it was like they suddenly went blind. Half a beat later it was like I never uttered a word and they were back to talking about "becoming a leader in AI." We're a fucking consulting company that can't even put small, hand written projects written by domain experts in front of the client because of our joke of an IT department. We're never going to credibly be "leaders in AI."