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Markets2026-09-30 · source-backed
Business Insider reported about 2.5% of staff on September 29, after roughly 400 cuts in February, and Workday lowered its fiscal Q3 earnings outlook for restructuring costs with shares down about 12% this year. Workday framed the cuts as aligning teams to growth priorities, and CEO Aneel Bhusri has said he hasn't met a single customer looking to replace Workday (Business Insider via Yahoo Finance). Two rounds of product and engineering cuts at the HR system of record, during a month of HR-agent launches from LinkedIn, Paychex and Neeyamo, is the tension to sit with.
Each link below shares sources, entities, or timing with this story.
SaaStr names three: Daniel Dines at UiPath (Q2 FY27 ARR $1.938B, +12%, NRR 109%), Aneel Bhusri at Workday from February 9 (subscription revenue $2.471B, +13.9%, guiding down to about 11%), and Eoghan McCabe at Intercom, which renamed itself Fin in May around a $400M+ recurring...
SaaStr published an expanded AI Agent API Report Card grading 144 B2B APIs across six dimensions: API design, events/streaming, auth/security, rate limits, SDKs/docs, and agent readiness. The average score was 71 out of 100. A C+. The leaderboard tells a story. Stripe scored 9...
The loudest enterprise-agent number of the quarter falls apart when you divide it. SaaStr's breakdown of Salesforce Q2 FY27 (reported August 26, stock up 23%) puts cRPO at $33.5B growing 14% against 11% revenue growth. Agentforce ARR passed $1.5B at +240% on 3.2 billion agenti...
IGV is down 24% in Q1. That's the worst quarter for software since 2008. But here's the number that stopped me cold: for the first time in modern history, software valuations have fallen below the S&P 500 multiple. SaaStr put the market cap destruction at roughly $2 trillion s...
24/7 Wall St. tracked Workday +10%, ServiceNow +8%, Salesforce +7%, Adobe and Palantir each +7%, triggered by NVIDIA and AMD dropping 5-7% on a report that NVIDIA is guaranteeing OpenAI data-center financing. The context matters more than the day: Salesforce is still down 33%...
On July 27, Salesforce jumped ~7%, ServiceNow ~8%, Workday ~10% — the same five incumbents Presence repriced last week — with money rotating out of NVIDIA and AMD (both down 5-7% on the OpenAI financing-guarantee report). The bull case cited was that incumbents are monetizing...
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