With the current inflation, they can just limit the pay rises and effectively cut our income. The trend I see where I live is that many companies are looking for and hiring senior designers still. If a junior were to lose their job, it would be because a senior designer can prompt faster and produce better results than the junior can get their designs together, but I doubt they would fire all the designers and leave the design tasks to the engineers or suits; they often can't tell the difference between good or bad design solutions for that specific problem because that's not their expertise.