Monday.com lays off hundreds to focus on AI
The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.
Israeli workplace software maker Monday.com is laying off approximately 630 employees, representing 20% of its staff, as part of a restructuring plan. The company is refocusing investments on its AI Work Platform, which includes an AI agent, automation tools, and a chatbot. This decision aligns with a broader trend in the tech industry, where numerous companies are reducing headcount to invest more heavily in AI initiatives.
- Monday.com is laying off 20% of its staff, around 630 employees.
- The layoffs are part of a restructuring plan to concentrate investments on AI projects.
- The company is focusing on its AI Work Platform, which offers features like a no-code app builder, AI agent, automation, and a chatbot.
- This move reflects a larger trend of tech companies laying off employees to reinvest in AI.
- Monday.com anticipates incurring $45 million to $55 million in restructuring charges.
Continue reading https://techcrunch.com/2026/07/22/monday-com-lays-off-hundreds-to-focuses-on-ai/
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