The short version

Ben Thompson predicted on June 1, 2026: “We dive into why software companies have more moats than their skeptics acknowledge, but nevertheless face a variety of headwinds that are likely to spur painful corrections to the valuation of these companies, consolidation, and substantial layoffs.” Verdict: Still evolving. While initial market corrections and some layoffs have occurred, the full extent of…

Prediction by

Ben Thompson

On June 1, 2026

“We dive into why software companies have more moats than their skeptics acknowledge, but nevertheless face a variety of headwinds that are likely to spur painful corrections to the valuation of these companies, consolidation, and substantial layoffs.”

Follow-up

While initial market corrections and some layoffs have occurred, the full extent of the 'painful corrections,' 'consolidation,' and 'substantial layoffs' is still developing and will be verifiable over the next 12-24 months.

From the High Caliber AI network — see the AI for PR module in the course.