I have been hearing that Software Engineers will be out of a job because of this or that magic piece of software for like 30 years already.
So far this AI is just another better form of automatic code generation. It will reduce the typing effort for writing software, but little of the mental effort. You still need to talk to the customer, draw up specifications, and think of how to solve the problem by yourself. You ask the AI to generate the code you desire, but then you have to double and triple check it to see if it does what you want, and if it doesn't have bugs.
Like I said, people underestimate the effort of Software Engineering. The moment AI replaces Software Engineers, basically all white collar jobs will be obsolete, from people working in banking and insurance, to engineers designing engines, vehicles, you name it.