Israeli software company Monday.com is cutting 20% of its workforce as it shifts resources toward its AI Work Platform.
Key facts
- •Monday.com is reducing its workforce by 20%, affecting about 630 staff members.
- •The restructuring is part of a shift to prioritize the company's AI Work Platform.
- •The company anticipates restructuring charges ranging from $45 million to $55 million.
- •Monday.com's AI platform includes tools for workflow automation, report generation, and AI agent customization.
- •Layoffs.fyi reports that more than 122,000 tech roles have been eliminated globally in 2026.
Israeli workplace software maker Monday.com announced a restructuring plan that includes laying off approximately 630 employees, representing 20% of its total headcount. The company stated the move is intended to support a leaner operating model as it pivots its investments toward its AI Work Platform.
By the numbers
Strategic Pivot to AI
Monday.com has redesigned its product offerings to center on AI, aiming to meet enterprise demand for AI agents that collaborate with human employees. The current AI Work Platform includes a no-code app builder, customizable AI agents, workflow automation tools, and a chatbot capable of generating reports and updating dashboards.
Financial Impact and Industry Context
The company expects to incur restructuring charges between $45 million and $55 million. This decision follows a broader industry trend where tech firms have reduced staff to prioritize AI development; data from Layoffs.fyi indicates that 78% of companies citing layoffs this year have attributed the decisions to a need to refocus efforts on AI.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by TechCrunch.
