It certainly replaced a couple of white collars that used to do translations and asset creations for CMS, in some projects that I am aware of.
Obviously in the long run this is good, more productivity per employee is always better, but short term jobs are changing and people are likely getting laid off (or will at least have more free time)
I already do less coding than I used to do, because agency work has slowly focused on a mix of SaaS products, integrations via iPaaS, serveless or managed containers.
The whole MACH development approach mantra.
Meaning that even in development, at least in consulting, the teams have become a fraction that they used to be.
AI is the next step reducing team sizes.