{"id":180634,"date":"2026-01-22T10:06:00","date_gmt":"2026-01-22T15:06:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/01\/22\/workday-ceo-calls-ai-led-software-selloff-narrative-overblown\/"},"modified":"2026-01-22T11:00:12","modified_gmt":"2026-01-22T16:00:12","slug":"workday-ceo-calls-ai-led-software-selloff-narrative-overblown","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/01\/22\/workday-ceo-calls-ai-led-software-selloff-narrative-overblown\/","title":{"rendered":"Workday CEO calls AI-led software selloff narrative &#8216;overblown&#8217;"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/2026\/01\/22\/workday-ceo-ai-software-selloff.html\">Workday CEO calls AI-led software selloff narrative &#8216;overblown&#8217;<\/a><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/01\/22\/workday-ceo-ai-software-selloff.html\">https:\/\/www.cnbc.com\/2026\/01\/22\/workday-ceo-ai-software-selloff.html<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-01-22 10:06:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.cnbc.com\">www.cnbc.com<\/a><\/p>\n<ul>\n<li>\n<p><strong>AI Misconception as Threat:<\/strong> Workday CEO Carl Eschenbach dismissed concerns that AI is detrimental to software business models, describing the notion as an &#8220;overblown narrative&#8221; and emphasizing AI as a &#8220;tailwind&#8221; rather than a &#8220;headwind&#8221; for the company.<\/p>\n<\/li>\n<li>\n<p><strong>Market Concerns:<\/strong> There has been substantial sell-off in software stocks recently due to fears that AI tools will disrupt the sector and replace traditional, profitable software business models.<\/p>\n<\/li>\n<li>\n<p><strong>Financial Performance Concerns:<\/strong> Workday&#8217;s stock suffered notable declines, losing 17% last year and an additional 15% year to date in 2026. This downturn was exacerbated by the company\u2019s third-quarter subscription revenue guidance, which left analysts and investors concerned.<\/p>\n<\/li>\n<li>\n<p><strong>Broader Industry Impact:<\/strong> Similar sales declines were observed in software giants like Adobe (21% drop last year), Salesforce (21% drop last year), and HubSpot (over 40% drop), signaling broader market anxieties regarding AI&#8217;s impact.<\/p>\n<\/li>\n<li>\n<p><strong>Focus on AI Tools:<\/strong> Eschenbach highlighted that businesses are increasingly relying on Workday for its AI tools and first-party data, which the company is using strategically to stay ahead of competitors offering third-party AI tools.<\/p>\n<\/li>\n<li>\n<p><strong>Investment in AI:<\/strong> To enhance its AI capabilities, Workday laid off about 1,750 employees over the previous year. This is part of a broader trend where software companies are investing heavily in AI tools to preempt competitive pressures.<\/p>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Workday CEO calls AI-led software selloff narrative &#8216;overblown&#8217; https:\/\/www.cnbc.com\/2026\/01\/22\/workday-ceo-ai-software-selloff.html Publish Date: 2026-01-22 10:06:00 Source Domain:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":180635,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107179422-1673964848243-1J7A5025.jpeg?v=1673964891&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-180634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/180634"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=180634"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/180634\/revisions"}],"predecessor-version":[{"id":180636,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/180634\/revisions\/180636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/180635"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=180634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=180634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=180634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}