Launchpad is still there in /System/Applications/, but hidden from Finder. You can still see it if you ls in terminal:
ls /System/Applications/
You can still restore it by disabling the new Spotlight:
sudo mkdir -p /Library/Preferences/FeatureFlags/Domain
sudo defaults write /Library/Preferences/FeatureFlags/Domain/SpotlightUI.plist SpotlightPlus -dict Enabled -bool false
Once reboot, you will see Launchpad in your Applications folder, but sacrifice the new Spotlight feature.
Topic:
Community
SubTopic:
Apple Developers