I think people see through it as a way for corporations to cut spending and jobs while offering a lower quality product.
My apartment complex recently switched to an "AI assistant" that replaced the front office person. I haven't heard a single positive thing about it from anybody. It's utterly terrible, and they're absolutely not "passing the savings on" to residents by lowering rents.
Even with "vibe coding", we accept that it does a shit job, because it does an "okay enough" shit job that it's often usable, but nobody wants to maintain "vibe code".