Technology revolutions rarely end in economic ruin
Software stocks have had a bruising few months. High-profile names such as Salesforce (-27%) Workday (-37%), and DocuSign (-33%) have all come under pressure as investors reassess what artificial intelligence might mean for traditional “seat-based” software models. Even mega-cap leaders like Microsoft (-17%) have not been immune to the volatility.
The phrase quietly circulating on Wall Street is “SaaSpocalypse” (SaaS – software as a service + apocalypse) the idea that AI agents could automate large portions of white-collar work, reducing corporate headcount and, in turn, the number of software licenses companies need to buy. If AI can draft emails, write code, prepare reports and analyse data, why pay for as many human seats? For a more complete summary of the story, please see the below link:
Published on: Mar 16, 2026 01:25 PM