In the sense of LLMs becoming competent enough, no, it's extremely unlikely.
In the sense of "smart tech founders" and C-suite executives in general using AI hype as an excuse for layoffs and understaffing, that's absolutely in the realm of possibility, and already happening in some places.
In the sense of "smart tech founders" and C-suite executives in general using AI hype as an excuse for layoffs and understaffing, that's absolutely in the realm of possibility, and already happening in some places.