A software CEO called me on the weekend recently with painful predictions. One is already coming true.

The Atlassian logo on a Formula 1 car Marcel van Dorst/Reuters Atlassian and Block announced massive layoffs. Is this AI or something else? One thing is certain: The software industry is changing fast, and financial discipline is key. Stock-based compensation will be a big driver of job cuts across the industry. On a recent weekend, I was playing with my new puppy when my phone rang. On the other end was the CEO of a major public software company with a warning: the industry was headed for ...