Just because you're the CEO of a big company, it doesn't mean you know what you're talking about. In this case it's clear he doesn't. You may say "but the company makes a lot of money" and that's not a point in his favor either, as this is a clear example of survivor bias. Coding is going nowhere and the companies laying off people are just a proof CEOs don't know what they are doing.

For years there have been open source solutions ready for basically any purpose, and if that has not made coders useless, nothing will. Maybe they will change designation, but people that understand what's going on at a technical level will always be necessary.

There have been some situations in the past few years that made the situation less clear-cut, but that doesn't make coders optional.