Software sector sees C-suite shake-ups amid AI disruption fears
CNBC Television·2026-03-13 18:00
It's clear that AI is prompting some major leadership changes. The latest is Adobe CEO Shan Orion who announced last night he is transitioning out of his role once a successor is found. He led Adobe for 18 years successfully through the cloud transformation.But with AI becoming a bigger threat, investors have been left impatient. The stock is down about 60% from its record high. Despite new Gen AI capabilities in the latest quarter, annual recurring revenue did decelerate.Adobe isn't the only company in sof ...