monday.com joins 20+ tech firms citing AI in layoffs

Monday.com, the Tel Aviv-based work management platform known for its vibrant, customizable project boards, has joined a growing list of over 20 tech companies this year that have tied job reductions to artificial intelligence. In a filing with the SEC on Wednesday, the company announced it would cut roughly 20% of its workforce,more than 600 employees,as part of a “restructuring plan.” The move is linked to what monday.com describes as an “ongoing transformation of its product, marketing, and go-to-market strategy,” aimed at building “a leaner, more focused operating model” while continuing to invest in its AI-driven growth strategy.

Co-founder Eran Zinman addressed employees in a memo on LinkedIn, emphasizing that the decision “was not made to reduce costs or replace people with AI.” Instead, he framed it as an organizational shift toward an AI-first vision that the company unveiled about a year ago, when it rebranded around a platform-wide AI push. With two offices in the U. S., monday.com expects to incur net restructuring charges of $45 million to $55 million, but still projects up to 20% year-over-year revenue growth for 2026.

According to a recent analysis by the Financial Times, U. S. tech companies have eliminated nearly 140,000 jobs since the start of this year. Major players like Amazon, Oracle, Meta, and Microsoft alone account for almost 50,000 of those cuts, as they channel hundreds of billions of dollars into AI data center buildouts. Interestingly, the FT also found that companies citing AI as a factor in layoffs have underperformed the Nasdaq by nearly 10% in the 30 trading days after their announcements, suggesting the market remains skeptical of the narratives these firms are selling.

The picture, however, is not entirely bleak. The FT notes that AI-focused companies such as Anthropic and OpenAI are hiring rapidly, absorbing talent shed elsewhere. Even within companies making cuts, headcount is often shifting rather than disappearing. Meta, for instance, moved roughly 7,000 employees into new AI-focused roles earlier this year, even as it laid off 8,000 others. IBM says it’s tripling entry-level hiring for AI and hybrid-cloud roles alongside recent reductions.

Here is a chronological look at major tech companies that have announced significant layoffs this year with AI cited as a factor:

Microsoft , July 9, 2026. Microsoft cut about 4,800 roles, or 2.1% of its global workforce, mostly in its Xbox gaming unit, resetting the business three years after its $75 billion acquisition of Activision Blizzard. The company also offered buyouts as voluntary separations, without disclosing the total impact. Microsoft said the role eliminations were “not being replaced by AI,” but acknowledged “AI is changing how work gets done.” CFO Amy Hood noted that total headcount declined year-over-year in fiscal Q3 and was expected to keep declining as the company focuses on “building high-performing teams” amid rising AI investment.

Oracle , June 22, 2026. Oracle disclosed a workforce reduction of 21,000 employees over the past 12 months, a 13% decline, with AI playing a role. “The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” the company said in an annual regulatory filing.

GitLab , June 3, 2026. GitLab laid off roughly 350 workers, about 14% of its staff, to fund AI infrastructure investment and handle surging traffic from AI workflows. CEO Bill Staples said agentic workloads are “pushing competitors to the brink” and that the company had begun a “generational rebuild” of its core infrastructure. GitLab is exiting 22 countries, flattening management layers, and partnering with an unspecified AI lab. The company reported first-quarter revenue of $264 million, up 23% year-over-year, and expects $30 to $35 million in restructuring costs.

Google , ongoing through May. Alphabet’s Google has quietly cut employees across its Cloud division, including its Threat Intelligence Group and Mandiant-linked cybersecurity staff, even as Cloud revenue grew 63% to exceed $20 billion for the first time. Over the past year, Google cut more than a third of managers overseeing small teams. The cuts have come through a rolling performance review process, a voluntary buyout program, and structural reorganizations, with outside estimates putting the 2026 total at between 1,500 and 3,000+ engineers.

Intuit , May 20, 2026. Intuit announced plans to eliminate roughly 3,000 jobs,about 17% of its workforce,in a restructuring centered on reducing complexity and reallocating resources toward AI. CEO Sasan Goodarzi told staff the company is simplifying its structure to deliver better products.

Meta , May 20-21, 2026. Meta laid off about 8,000 employees, roughly 10% of its workforce, while moving about 7,000 employees into new AI-focused roles. CEO Mark Zuckerberg told staff the cuts were necessary because “success isn’t a given” in AI.

Cisco , May 14, 2026. Cisco announced it would cut nearly 4,000 jobs, about 5% of its workforce, despite reporting better-than-expected profit and revenue. CFO Mark Patterson said the move was “not a savings-driven restructure” but about realigning resources around silicon, optics, security, and AI.

Cloudflare , May 7-8, 2026. Cloudflare cut about 20% of its workforce (1,100 people), reporting quarterly revenue of $639.8 million, up 34% year-over-year. CEO Matthew Prince wrote that most of those laid off were “measurers”,middle management, finance, legal, and internal auditing.

General Motors , May 12, 2026. GM eliminated 500 to 600 jobs, largely in IT roles in Austin, Texas, and Warren, Michigan, citing uncertain market conditions. A source told CNBC that AI played a role but wasn’t the only factor. GM said it was “transforming its Information Technology organization” and still had roughly 80 open IT positions, including roles in AI, motorsports, and autonomous vehicles.

Coinbase , May 5, 2026. The crypto exchange cut about 700 employees, or 14% of its staff, as part of a restructuring aimed at addressing market volatility and increasing AI efficiency. The company flattened its organizational structure to five layers below the CEO and COO and said it would experiment with “one-person teams.” CEO Brian Armstrong wrote that AI had changed the pace of work dramatically, with engineers shipping in days what used to take weeks.

PayPal , May 5, 2026. PayPal announced plans to cut around 20% of its workforce over the next two to three years,north of 4,500 jobs,as part of a turnaround strategy centered on AI adoption. CEO Enrique Lores told investors the company would “aggressively adopt AI” and formed a new “AI transformation and simplification” team reporting directly to him.

Microsoft , April-May 2026. Microsoft offered buyouts as voluntary separations, without disclosing the total impact. CFO Amy Hood said headcount declined year-over-year in fiscal Q3 and was expected to keep declining as the company focuses on “building high-performing teams” amid rising AI investment.

Snap , April 16, 2026. Snap cut roughly 16% of its global workforce,about 1,000 full-time employees,and closed more than 300 open roles. CEO Evan Spiegel cited AI advancements as a key driver, saying the technology enables teams to reduce repetitive work and increase velocity.

IBM , rolling through 2026. Between Q4 2025 cuts and April 2026 Red Hat engineering reductions, estimates range from 3,000 to 9,000 U. S. positions eliminated, bringing IBM’s cumulative total since September 2024 above 15,000. Bloomberg reported IBM plans to triple its U. S. entry-level hiring for AI and hybrid-cloud roles, even as roughly 200 HR positions were replaced by AI agents.

Atlassian , March 11, 2026. Atlassian cut about 1,600 jobs (10% of its workforce) to “rebalance” toward AI and enterprise sales. CEO Mike Cannon-Brookes said: “Our approach is not ‘AI replaces people.’ But it would be disingenuous to pretend AI doesn’t change the mix of skills we need or the number of roles required in certain areas.”

Dell , January 30 (disclosed in March 2026). Dell’s total workforce fell about 10% in fiscal 2026,roughly 11,000 jobs,to about 97,000 employees from 108,000 a year earlier, with $569 million spent on severance. The cuts came as Dell projected its AI-optimized server revenue could double in fiscal 2027.

Oracle , March 5-31, 2026. Oracle began telling employees it would be cutting thousands of jobs via terminal emails, even as it posted $3.7 billion in quarterly net income, up 27% year-over-year. The cuts would later total 21,000 over 12 months, as disclosed in its June 22 annual filing.

Block , February 26-27, 2026. Jack Dorsey’s Block cut 4,000 jobs,nearly half its workforce, down to under 6,000 from over 10,000. Dorsey wrote on X: “We’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working.” He added, “I think most companies are late. Within the next year, I believe the majority of companies will reach the same conclusion.”

Salesforce , February 10, 2026. Salesforce laid off fewer than 1,000 employees across marketing, product management, data analytics, and its Agentforce AI unit. The company told Fortune: “Because of the benefits and efficiencies of Agentforce, we’ve seen the number of support cases we handle decline and we no longer need to actively backfill support engineer roles.” This followed an earlier cut of about 4,000 customer-support roles, shrinking that team from roughly 9,000 to 5,000.

Amazon , January 28, 2026. Amazon cut 16,000 corporate jobs, following 14,000 cuts in October 2025,about 9% of its corporate workforce in three months. The company said it was part of “strengthening our organization by reducing layers, increasing ownership, and removing bureaucracy.” CEO Andy Jassy had said in June 2025 that as generative AI and agents roll out, “We will need fewer people doing some of the jobs that are being done today.”