Monday.com lays off hundreds to focus on AI
The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform. 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.
Key Takeaways
- The company said 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.
com earlier this year pivoted 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 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 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.
More than 122,000 tech roles have been cut so far in 2026, Layoffs.
- com expects to incur $45 million to $55 million in charges due to the restructuring.
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Stats & Key Facts
- #The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.
- #The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.
- #The company said 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.
- #Tech layoffs in May hit a monthly high 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.
The company said 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. com earlier this year pivoted 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 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 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. More than 122,000 tech roles have been cut so far in 2026, Layoffs.
For more details please read the original article at TechCrunch AI.
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