My bet is that LLM tools will do for tech what cloud, SaaS, and other productivity tools did before. Make productive users better and faster.
My first job in 2010 required 12 operations personnel to manage a simple app server + database. The db had a dba oncall of 3 people, along with oracle support contracts. These days that job would be done using cloud tools, and that team of 12 people wouldn’t exist.
The same story has been true throughout the infrastructure space for 15+ years, with current practices foisting the remaining work on software teams.
I suspect junior engineers who can make effective use of LLM tools will be in high demand. LLMs also minimize the benefit of experience provided you can still sift BS vs truth. A firm ultimately only cares about who delivers the most impact.