Workday CEO Calls Narrative That AI is Killing Software 'Overblown' (cnbc.com)
(Friday January 23, 2026 @05:00AM (msmash)
from the narrative-war dept.)
Workday CEO Carl Eschenbach on Thursday tried to ease worries that AI is destroying software business models. From a report:
> " [1]It's an overblown narrative, and it's not true ," he told CNBC's "Squawk Box" from the World Economic Forum in Davos, Switzerland, calling AI a tailwind and "absolutely not a headwind" for the company.
>
> Software stocks have [2]sold off in recent months on concerns that new AI tools will upend the sector and displace longstanding and recurring businesses that once fueled big profits. Workday shares lost 17% last year and have sunk another 15% since the start of 2026.
[1] https://www.cnbc.com/2026/01/22/workday-ceo-ai-software-selloff.html
[2] https://tech.slashdot.org/story/26/01/22/0946226/no-reasons-to-own-software-stocks-sink-on-fear-of-new-ai-tool
> " [1]It's an overblown narrative, and it's not true ," he told CNBC's "Squawk Box" from the World Economic Forum in Davos, Switzerland, calling AI a tailwind and "absolutely not a headwind" for the company.
>
> Software stocks have [2]sold off in recent months on concerns that new AI tools will upend the sector and displace longstanding and recurring businesses that once fueled big profits. Workday shares lost 17% last year and have sunk another 15% since the start of 2026.
[1] https://www.cnbc.com/2026/01/22/workday-ceo-ai-software-selloff.html
[2] https://tech.slashdot.org/story/26/01/22/0946226/no-reasons-to-own-software-stocks-sink-on-fear-of-new-ai-tool