Freshworks cofounder Mathrubootham rejects ‘SaaSpocalypse’ prediction, says AI agents won’t kill industry

Anthropic's Claude Cowork plugins caused massive market panic, wiping out $285 billion in software company valuations in just 48 hours as investors feared AI agents would replace entire SaaS industries. While Freshworks' founder dismisses the 'SaaSpocalypse' fears, the extreme market reaction reveals deep concerns about AI's potential to eliminate software jobs and business models at unprecedented speed.