The first part of your statement is true, especially at Microsoft, but the latter part is not. AI is certainly poised to take a lot of jobs, from a lot of hardworking people.
Not me personally because I jumped ship from a company before they did massive layoffs. I was lucky but I have friends who have been out of work for months now. It's difficult for them.
I work for a traditionally brick-and-mortor-focused company that is honestly still figuring out "the intetnets." I've heard no rumblings about getting swept up in the AI bubble hype.