It's amazing what one competent developer can do, and it's amazing how little a hundred devs end up actually doing when weighed down by beaurocracy. And lets not pretend even half of them qualify as competent, not to mention they probably don't care either. They get to work and have a 45 min coffee break, move some stuff around in the Kanban board, have another coffee break, then lunch, then foosball etc. Ad when they actually write some code it's ass.
And sure, for those guys maybe LLMs represent a huge productivity boost. For me it's usually faster to do the work myself than to coax the bot into creating something acceptable.