Monday.com lays off hundreds to focus on AI

In Brief

Israeli workplace bundle shaper Monday.com is laying disconnected hundreds of employees arsenic portion of a restructuring program to refocus its investments astir AI projects.

The institution said it is reducing its headcount by 20%, oregon astir 630 staff, to “support a leaner, much focused operating model” arsenic it concentrates connected its AI Work Platform.

Monday.com earlier this twelvemonth pivoted hard towards making its AI level a halfway offering, redesigning its full merchandise astir the content that its endeavor customers progressively privation AI agents to enactment unneurotic with their employees. The AI Work Platform presently comprises a no-code app builder, a customizable AI agent, a workflow automation tool, and a chatbot that tin bash tasks similar generating reports and updating dashboards.

The institution joins a big of ample tech firms that person laid disconnected hundreds of thousands of radical arsenic they question to put much successful AI. Tech layoffs successful May deed a monthly high unseen successful years, and a grounds 78% companies person blamed a request to refocus their efforts astir AI arsenic a crushed for letting radical spell this year, according to Layoffs.fyi.

More than 122,000 tech roles person been chopped truthful acold successful 2026, Layoffs.fyi information shows.

Monday.com expects to incur $45 cardinal to $55 cardinal successful charges owed to the restructuring.

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