Monday.com Layoffs: Software Firm Cuts 20% of Workforce in Major AI Restructuring
Monday.com is cutting its global workforce by 20%, laying off roughly 630 employees as part of a major strategic shift toward artificial intelligence tools. Co-founder Eran Zinman stated the restructuring aims to create a leaner, flatter operating model designed for the emerging tech era.
Israeli workplace software provider Monday.com has announced a major restructuring plan that includes cutting its global workforce by 20%, affecting approximately 630 employees. The formal notification was disclosed through an official Securities and Exchange Commission filing, marking one of the most substantial workforce reductions for the company as it pivots operations toward an integrated artificial intelligence strategy.
Monday.com Layoffs; Know Details
Co-founder and co-chief executive officer Eran Zinman addressed staff in an internal memorandum, explaining that the business model is transitioning from basic work management tools to autonomous systems where humans and artificial intelligence agents collaborate in a single workspace. As per a report by The Times of India, management emphasised that the structural overhaul is designed to capture emerging market opportunities rather than simply preserve existing profit margins. Amazon Layoffs: AGI Team Hit With Job Cuts as AI Strategy Shifts.
To execute this new vision efficiently, Monday.com plans to remove unnecessary management layers, foster more autonomous teams, and implement a revised go-to-market approach. The firm expects to incur restructuring charges ranging between USD 45 million and USD 55 million. Leadership noted that the vast majority of financial savings achieved through the process will be directly reinvested into product development, artificial intelligence initiatives, and long-term team growth. Meta Layoffs: Company Faces Lawsuit Over Alleged AI Driven Job Cuts Selection.
Acknowledging the impact on staff, executive leadership stated that the decision reflects corporate strategy rather than individual employee performance. The company has committed to providing comprehensive severance packages, extended transition assistance, and professional networking recommendations to help departing colleagues secure new employment opportunities within the technology sector.
(The above story first appeared on LatestLY on Jul 26, 2026 07:25 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).