Every vendor at Transform 2026 was leading with AI. Every product had been rebuilt, relaunched, and rebranded. And nobody on that expo floor — not even the investors — could give you a clean answer to what actually made anyone different.

In this episode of Work Tech Weekly, Steve Smith sits down with Mike Wood, analyst at HR.com and host of The Totally Talent Podcast, recorded live at Transform 2026 in Las Vegas. Mike has been watching this market long enough to see this pattern before — in employee recognition, in talent acquisition, and now across the entire HR tech stack — and his read on where it’s heading is worth hearing.

They get into why the technology has reached parity faster than anyone expected, what the funding clock running out means for buyers who can’t tell vendors apart, and why the next real differentiator in work tech might have nothing to do with the product at all.

📌 Topics covered:

• Why HR tech differentiation has collapsed and what’s driving it

• What smart buyers should actually evaluate when the demo looks great

• The funding crunch pushing vendors toward acquisition or shutdown

• Why service is becoming the differentiator nobody wanted to talk about

• The fracturing social contract and what it means for the workforce

• Why buying paralysis is rational — and what breaks it