C-suite has been saying this for 30+ years. They never tire of it. Ask yourself: At this point in time, why aren't all programmers working from low cost jurisdictions?
I think you didn’t grok the hidden punchline - this is the stage after they’ve replaced all their third world coders with AI agents, until one day a C-suiter has the revelation that humans are cheaper and better, and the company then starts toting its humanistic credentials all over LinkedIn.