Things can possibly go 2 ways with AI :
-
Either companies take subscription of it and use it to generate code faster so major focus would be on product development, marketing , market launch , support of the product like enhancements, updates, changes to the product or upgradation(majority of which will be soon done/can be handled by/through AI) and operations. So there will be soon a decline coming in traditional IT jobs but there are also chances that new jobs can and will get created but yup the overall volume of IT jobs will for sure be impacted , IT won't look the same as it use to 5-10 years back and earlier IT advancement threshold was 3-5 years(i.e. new technology coming in market and along with it comes jobs) now this threshold will reduce more frequently and dynamics will change faster.
-
Companies will try to integrate the AI tools and wrappers in the daily tasks of the workforce so that timelines efficiency can improve drastically but even with this not a huge workforce is going to be needed.
To summarise, the glory of IT is already diminishing because of multiple factors like AI, global economic condition, other quick money making options for new generation etc. so the luxurious lifestyle that IT had the capability to support will now reduce max to max 10-15 years for even the trending job position holders after that market will be totally different compared to what it is today. Also research and development will pick up pace and we will see a lot of advancement in lesser time. Let's see what all things are going to unfold soon.