The "webbification" of everything created a lot of demand for coders. Everyone should code! was the mantra, because business never had enough coders. So they hired a lot. Now, a new software tool (AI) can deliver bespoke code and debugging insights. Demand dips by 25%. Seems approximately accurate?
IMO, Programmers will still be needed, but the bar has risen. It happens in other industries, too.
The problem I worry about is what new jobs are being created, because I don't think are many. Maybe some new jobs focused on AI upkeep?
Hires: Professional and Business Services, FRED data, we're currently at 2008/2009 recession lows: