Monday.com lays off hundreds to focus on AI

Monday.com is laying off 20% of its workforce, about 630 employees, to refocus investments around its AI Work Platform. The Israeli workplace software maker expects to incur $45 million to $55 million in restructuring charges as it joins a wave of tech firms cutting jobs to prioritize AI, with over 122,000 tech roles eliminated in 2026 so far.

Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments around AI projects. The company said https://d18rn0p25nwr6d.cloudfront.net/CIK-0001845338/8caa6f84-8fce-4956-b817-dd7ae68b450d.pdf it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it concentrates on its AI Work Platform. Monday.com earlier this year pivoted https://s29.q4cdn.com/881027206/files/doc financials/2025/ar/MNDY-20-F-FY-2025-20260313.pdf hard toward making its AI platform a core offering, redesigning its entire product around the belief that its enterprise customers increasingly want AI agents to work together with their employees. The AI Work Platform currently comprises a no-code app builder, a customizable AI agent, a workflow automation tool, and a chatbot that can do tasks like generating reports and updating dashboards. The company joins a host of large tech firms https://techcrunch.com/2026/07/06/the-running-list-major-tech-layoffs-in-2026-where-employers-cited-ai/ that have laid off hundreds of thousands of people as they seek to invest more in AI. Tech layoffs in May hit a monthly high https://www.challengergray.com/blog/category/job-cuts-report/ unseen in years, and a record 78% of companies have blamed a need to refocus their efforts around AI as a reason for letting people go this year, according to Layoffs.fyi. More than 122,000 tech roles https://layoffs.fyi/ have been cut so far in 2026, Layoffs.fyi data shows. Monday.com expects to incur $45 million to $55 million in charges due to the restructuring.