This feels like cope here.

They want to get rid of SWE because they are highly paid (in the US especially) and they want them for cheap (e.g. Bangalore, London)

AI just makes it a no brainer.

Also I don't think there is anything wrong with everyone being a software engineer, more accessibility to the SWE field for all is great.

Current SWE's will just need to now adapt quicker to remain relevant, and those that can't will just then leave the field.

Perhaps those that don't adapt were probably not good engineers anyway.