It just isn’t true that AI has made developers more efficient. Some might claim such on this site, but the vast majority of developers aren’t using it, or they find it to be a drag on their productivity (because for most tasks the median software engineer has to do, it actually can’t help), and the ones that do use it are (unknowingly maybe) exaggerating its impact.

Devs are getting laid off, yes. AI is not the reason. Executive/shareholder priorities are the reason.