It will to the extent they will have to work harder. Tenured professors won't like that aspect of it ... guaranteed.
I’d put it down as tenured professors will actually have to work and not just work harder now for what they’re paid for.
The days of sitting in their offices working on articles for journals and books while TA’s and non tenured profs do the dirty work (teaching) are over.
Expect to see serious turnover of tenured profs in the near future...about the only good thing to come from this.