Front end developers replacing designers?

So yesterday I found out from 2 of our Product Managers that our VP of Product has been floating the idea of not having designers on our development teams and instead having front end developers do the design role as well.

Our company has a very weak design system, but the rationale is that because some front end engineers have “design backgrounds” and “know Figma” that they can fulfill the job. Has anyone seen this before?

Guess it’s time for me to find a new job.