Counter-narrative: Atlassian and Figma report stable-to-strong seat expansion.

Against the seat-compression thesis, Atlassian's Q2 FY2026 letter reports paid-seat expansion staying stable as customers adopt its AI platform, and Figma shows stronger-than-expected org-wide seat expansion driven by AI adoption (Atlassian 8-K). The split worth internalizing: AI compresses seats in workflow-execution tools like support and analytics, but expands them in creation and collaboration surfaces. "AI kills per-seat SaaS" is too broad. It kills seats where AI does the work and grows them where AI makes humans collaborate more.