Salesforce just filed a California WARN notice covering 86 positions, cutting across its sales, general administration, technology, and product divisions. The layoffs hit teams working on Agentforce, the company’s AI agent platform, along with MuleSoft and Marketing Cloud.
The stock tells the story
Salesforce shares have cratered more than 30% year-to-date in 2026. That makes CRM the worst performer in the entire Dow Jones Industrial Average. The bleeding didn’t start this year. Salesforce stock dropped roughly 20% in 2025.
Analysts have started using the term “SaaSpocalypse” to describe what’s happening across the traditional software-as-a-service sector.
A pattern, not a blip
