As a senior engineer if your value add was "accumulated expert knowledge". Then yes, you are in a bad place.
If instead it was building and delivering products / business value. Good judgement, coordination and communication skills, intuition, etc… then you are now way way more leveraged than you ever were and it has never been greater.
If instead it was building and delivering products / business value. Good judgement, coordination and communication skills, intuition, etc… then you are now way way more leveraged than you ever were and it has never been greater.