This is one of the under-discussed areas of LLMs imho.
For anything that would have have required either word2vec embeddings of a tf-idf representation (classification tasks, sentiment analysis, etc) there are rare exceptions where it wouldn't just be better to start with a semantic embedding from an LLM.
For NER and similar data extraction tasks, the only advantage of traditional approaches is going to be speed, but my experience in practice is that accuracy is often much more important than speed. Again, I'm not sure why not start with an LLM in these cases.
There are still a few remaining use cases (PoS tagging comes to mind), but honestly, if I have a traditional NLP task today, I'm pretty sure I'm going to start with an LLM as my baseline.