QA Slowly Becoming Irrelevant ???

Currently working as a QA contractor in a product-based company, and lately things have felt pretty uncertain. Recently the company laid off around 11% of the workforce overnight. I came to office the next morning and found out even my lead got laid off, who was the only person with proper product knowledge in our team. What worries me more is how AI-driven everything is becoming now — automation scripts, test cases, workflows, almost everything. During a recent town hall, leadership mentioned that developers are expected to handle testing and automation themselves, and QA teams may shrink further. One of my QA leads was even moved into an FDE role handling client issues and deployments, and he advised me to start exploring other domains like ML/Ops. Some teams already have just 1 QA or none at all. Honestly feeling confused about where QA is heading.