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Monday.com Lays Off 20% of Workforce in AI-Driven Restructuring
Monday.com is cutting about 600 jobs, or 20% of its staff, as part of a restructuring plan tied to its AI-first strategy, becoming the latest tech company to cite artificial intelligence in workforce reductions.
The Tel Aviv-based work management software company disclosed the layoffs in a Securities and Exchange Commission filing on Wednesday. The move is part of a “restructuring plan” linked to its “ongoing transformation of its product, marketing, and go-to-market strategy” in support of “a leaner, more focused” organization, according to the filing.
Co-founder Eran Zinman told employees in a LinkedIn memo that the decision “was not made to reduce costs or replace people with AI,” but rather to adapt the company to a new AI-first vision introduced roughly a year ago when Monday.com rebranded around a platform-wide AI push.
The company expects $45 million to $55 million in net restructuring charges but still projects up to 20% year-over-year revenue growth for 2026. Monday.com has two offices in the United States.
Monday.com joins a growing list of tech firms that have cited AI as a factor in job cuts. According to a Financial Times analysis, U.S. tech companies have slashed nearly 140,000 jobs so far in 2026, with Amazon, Oracle, Meta, and Microsoft alone accounting for almost 50,000 of those cuts as they invest heavily in AI infrastructure.