IMPACT TRACKER

THE AI DISRUPTION TRACKER

Every major AI announcement in 2026 and the market damage it caused. Figma. Thomson Reuters. Adobe. Atlassian. IBM. Salesforce. The incumbents that built moats around work AI now does for free.

$285B
Peak 1-day wipeout
Feb 3, 2026
$830B
6-day selloff total
Jan 28 – Feb 4, 2026
−18%
Thomson Reuters 1-day
Record daily loss
−79%
Figma from IPO
Aug 2025 → Mar 2026
COMPANIES AFFECTED
Thomson ReutersSalesforceAdobeServiceNowAtlassianDocuSignWorkdayFactSetS&P GlobalMoody'sIBMSAPMicrosoftFigma
Adjacent Trigger
Mar 18, 2026

Google Stitch Vibe Design Update

Google Stitch launched AI-Native Canvas, Voice, Instant Prototypes, and DESIGN.md — a direct attack on design workflows. Part of the broader AI design wave accelerated by Claude Code. 5.7M views in 24 hours.

WHY:Google Stitch major update — the AI design category Claude helped create claims its first public market victim
MARKET VALUE WIPED:~$2.8B (Figma market cap impact)
TICKERCOMPANY1-DAY DROPLONGER TERMCONTEXT
FIGFigma-8.0%-79% from IPOIPO Aug 2025 at ~$122. Now $25.26. CEO departure + AI design wave = terminal pressure.
Compounding Event
Mar 12, 2026

Adobe CEO Shantanu Narayen Steps Down After 18 Years

Adobe's long-time CEO resigned after 18 years, seen as a signal that the company has no credible answer to AI creative tools. Stock fell 7.8% in after-hours. Adobe had already dropped 7% on the Feb 3 Cowork selloff — the CEO departure was read as the company acknowledging it is losing the AI creative battle.

WHY:Loss of confidence in Adobe's AI strategy. Claude and Google Stitch now do what Photoshop and Premiere charge $600/year for.
MARKET VALUE WIPED:Part of broader ~40% YTD decline
TICKERCOMPANY1-DAY DROPLONGER TERMCONTEXT
ADBEAdobe-7.8%~-40% YTDCEO Shantanu Narayen stepping down after 18 years. Feb 3 Cowork day: -7%. Mar 12 CEO exit: -7.8%. Compound collapse.
Structural Disruption
Mar 12, 2026

Atlassian Lays Off 1,600 — 10% of Workforce

Atlassian cut 1,600 employees (10% of its workforce) and replaced its CTO, citing the "AI era." CEO Mike Cannon-Brookes said the restructuring was necessary to compete in a world where AI handles the project management and workflow automation that Jira and Confluence were built for.

WHY:Claude Cowork plug-ins and Claude Code made Jira/Confluence workflows automatable by agents. Atlassian's core business model threatened.
MARKET VALUE WIPED:Stock down 84% from 2021 peak. More than half that decline in 2026 alone.
TICKERCOMPANY1-DAY DROPLONGER TERMCONTEXT
TEAMAtlassian-12.0%-84% from peakDown 84% from 2021 peak. More than 50% of that decline in 2026. Laid off 1,600 (10%) and replaced CTO in response.
Confirmed
Feb 6, 2026

Claude Opus 4.6 — Multi-Agent Teams + Financial Analysis

Opus 4.6 launched with parallel multi-agent teams, a 1M token context window, a PowerPoint plug-in, and financial analysis benchmarks that beat FactSet and Bloomberg on specific research tasks. Fortune: "a new upgrade that could make things worse."

WHY:Multi-agent financial research teams — directly threatening FactSet, Moody's, S&P Global whose entire business is "AI can't do what we do"
MARKET VALUE WIPED:Part of $830B six-day selloff
TICKERCOMPANY1-DAY DROPLONGER TERMCONTEXT
FDSFactSet Research-10.0%Largest single-day drop on Opus 4.6 launch. Financial research screening and due diligence is core business.
SPGIS&P Global-5.2%Ratings research and market intelligence threatened by 1M token context window.
MCOMoody's-4.8%Analyst research workflows. Same threat vector as FactSet and S&P.
MSFTMicrosoft-2.1%PowerPoint plug-in direct attack on Copilot for Microsoft 365.
SOURCES:Fortune
Confirmed
Jan 31 – Feb 3, 2026

Claude Cowork Plug-ins — Legal, Sales, Marketing, Finance

Anthropic launched industry-specific plug-ins for Claude Cowork. The trigger for a six-day global software selloff. Thomson Reuters — which owns Westlaw, the dominant legal database — suffered its largest single-day decline on record: -18%. JPMorgan's US software index dropped 7% in a single day.

WHY:Claude Cowork legal plug-in — pushed Anthropic directly into the $34B legal research market Thomson Reuters depends on
MARKET VALUE WIPED:$285B in one day. $830B over 6 trading days.
TICKERCOMPANY1-DAY DROPLONGER TERMCONTEXT
TRIThomson Reuters-18.0%Record day dropOwns Westlaw legal database. -18% in one day — record daily loss. Lowest close since June 2021. Legal AI is an existential threat to their core product.
DOCUDocuSign-11.0%Legal automation directly threatens contract and signature workflows.
CRMSalesforce-7.0%-26% YTDDown 26% YTD as of Feb 4. Second-worst performer in the Dow. 4,000 support workers already replaced by AI.
ADBEAdobe-7.0%Creative and document automation first wave. CEO would later resign in March.
NOWServiceNow-7.0%-25% YTDEnterprise workflow automation — core business threatened by agent orchestration.
WDAYWorkday-5.5%HR and finance automation threatened by Cowork's enterprise agents.
SAPSAP-4.2%European enterprise software caught in global selloff.
IBMIBM-3.1%-22% YTDWas up 35% in 2025. Down 22% YTD by Feb 24. AI-shock eroded the "enterprise moat" thesis that underpinned IBM's recovery.

Methodology note: 1-day drops are tied to specific announcement dates as reported by Reuters, CNN, Fortune, and Times of India. YTD and from-peak figures reflect broader structural decline attributed by analysts to AI disruption. Some analysts argue the selloffs were overdone. The Figma and Adobe declines reflect the broader AI creative wave (Google Stitch, Claude Code) not a single Anthropic announcement. Atlassian and IBM declines reflect structural AI-disruption thesis, not one event. Data sourced from Reuters, CNN Business, Fortune, Guardian, CNBC, 247WallSt, Forbes. Last updated Mar 19, 2026.