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. 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.
Key Takeaways
- Monday.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.
- 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.fyi.
More than 122,000 tech roles have been cut so far in 2026, Layoffs.fyi data shows.
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- 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.
- Monday.com expects to incur $45 million to $55 million in charges due to the restructuring.
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.fyi.
Monday.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.fyi. More than 122,000 tech roles 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.
Topics AI , Enterprise , In Brief , Israel , monday.com , tech layoffs October 13 - 15 San Francisco Scale faster. No matter your goal, Disrupt can empower you.
For more details please read the original article at TechCrunch AI.
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