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Stack Overflow Survey: 80% of developers are unhappy
(shiftmag.dev)
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But that is always happening. Software that now can be built by two programers needed IBM few decades ago, just because of hardware, languages, available libraries and shared knowledge.
But we still have so many "app ideas" that there is more work to be done. I would be happy to have AI write all those apps that I need and have no time or money to make them.
My conclusion is that it is only about money and economy. We are in unofficial recession so everyone is cutting costs, as soon as money comes back we will go back into bulking/exploration phase.