CROSS-CATEGORY: Adobe CEO Exit (-23% YTD), Meta 16K Layoffs, NVIDIA $1T Forecast — Three Concurrent Signals Frame the Same Industrial Reallocation

SaaStr·high signal

In a single week: Adobe CEO exited under AI pressure (shares -7.6% on announcement, -23% YTD), Meta confirmed plans to cut up to 16,000 workers (~20% of workforce) to fund $135B 2026 AI capex, and NVIDIA CEO Jensen Huang forecast $1T in AI chip revenue through 2027 at GTC. These three cross-category signals confirm the same trade: human-seat software spending contracting across design, social, and enterprise; AI infrastructure spending doubling; incumbent SaaS vendors caught structurally between both. The pattern also appeared in Block (4,000 layoffs in February) using identical 'AI efficiency' framing.