You joke, but I am pretty sure, that in some heads that idea is already spinning. When can they hire fewer people and make those fewer people simply use ChatGPT or some other model. We might see an even further decline in web quality as a result, as we get even more copy&paste devs.
Increased productivity and doing certain tasks in less time or with less people has been going on forever and certainly last 30 years in web development. The growing businesses use the extra capacity to expand in other directions whether new products or new features. The stagnant companies continue to struggle with less.