Monday.com cuts 200 jobs in AI restructuring
▼ Summary
– Monday.com is laying off 20% of its workforce, approximately 630 employees, as part of a restructuring plan.
– The layoffs aim to support a leaner operating model while the company refocuses investments around its AI Work Platform.
– The AI Work Platform includes a no-code app builder, customizable AI agent, workflow automation tool, and chatbot.
– Monday.com joins a trend of major tech firms laying off staff to invest more in AI, with 78% of companies citing AI refocusing as a reason.
– The company expects to incur $45 million to $55 million in charges from the restructuring.
The Israeli workplace software provider Monday.com is laying off roughly 200 employees as part of a strategic restructuring aimed at deepening its commitment to artificial intelligence. The company confirmed it is trimming its workforce by 20%, which amounts to about 630 positions, in order to “support a leaner, more focused operating model” centered on its AI Work Platform.
Earlier this year, Monday.com made a decisive pivot, redesigning its entire product suite with the conviction that enterprise clients increasingly want AI agents working alongside human employees. The AI Work Platform now includes a no-code app builder, a customizable AI agent, workflow automation tools, and a chatbot capable of tasks like generating reports and updating dashboards.
Monday.com is far from alone in this shift. A wave of major tech firms has cut hundreds of thousands of jobs this year as they redirect resources toward AI. According to Layoffs.fyi, tech layoffs in May reached a monthly peak not seen in years, and a record 78% of companies cited a need to refocus on AI as the reason for letting staff go in 2026. So far this year, more than 122,000 tech roles have been eliminated.
The company expects the restructuring to result in charges between $45 million and $55 million.
(Source: TechCrunch)
