Exactly! These tools are force multipliers. 1 dev can do the work of 3.
If this is the case, a business should absolutely lay off 2/3 of their eng staff. If they don’t, their competitors will and then will eat their lunch!
No more lazy devs, they should be at their desks working all 8 required hours as they agreed to in their contract. If they’re not: you have too many staff.