It's not a particularly moral way to think, but if you're currently mid level or senior, the junior dev pipeline being cut off will be beneficial to you personally in a few years' time.
Potentially very beneficial, if it turns out software engineers are still needed but nobody has been training them for half a decade
It’s clear that it harms those that get to keep their jobs less to some extent (though when you’ve got a glut of talent and few jobs, the only winners are employers because salaries tank eventually.) But frankly, the pervasiveness of that intense greed and self-absorption used to be anathema to the American software industry. Now it looks a lot more like a bunch of private equity bros than a bunch of people who stood to make good money selling creative solutions to the world’s problems. Even worse, the developers that built this business still think they’re part of the in-club, and too special and talented to get tossed out like a bag of moldy peaches. They’re wrong, and it’s sad to watch.
Potentially very beneficial, if it turns out software engineers are still needed but nobody has been training them for half a decade