When in Free Transform, if you want to toggle to Warp mode, you need to click the Warp icon in the Options bar (or Control -click (Mac) | Right -click Win within the transformation bounding box and chose Warp from the list). However, while in Warp mode, Command +T (Mac) | Control + T (Win) toggles from Warp mode back to Free Transform mode.
Posts tagged "Warp"
In order to warp multiple layers as if they are one (such as multiple text layers), on the Layers panel, select the layers and choose Layer > Smart Object > Convert to Smart Object. Then, choose Edit > Transform > Warp and apply the warp to the Smart Object. To re-edit any of the individual layers, choose Layer > Smart Object > Edit Contents or simply double-click on the layer’s thumbnail in the Layers panel.