On the contrary, here in my corner of EU nearly 60% of new jobs are frontend or full stack.
Anything else left is mostly SAP consultant or DevOps.
I think, the whole WebDev is dead end is just false lies to dissuade new entrants. Literally most successful business with a digital solution is web stuff with some automation that would otherwise be ms excel sheets shared via email.
Also this whole panic over LLM is overblown, I know of some brilliant experienced people in other professions like Electronics, Mechatronics, Aerospace, Material Science and literally all of them are finding the job market “very difficult at the moment”. It is the bad global mood in general used deceptively by opportunists to spread false fears of their LLM/AI.
At the end of the day, an insurance seller has hundreds of concerning reasons to convince you why everything is dangerous around you and you really need their product. Now apply that to AI sellers.