Monday.com Cuts 20% of Staff as It Restructures Around AI Strategy

Monday.com is cutting about 20% of its workforce, or roughly 620 to 630 employees, as it restructures around an AI-focused strategy and a leaner operating model. The Israeli work-management software company said the move is tied to its push to become an “AI Work Platform” and to reshape its product, marketing, and go-to-market approach. The layoffs matter because they signal how quickly software companies are reorganizing around artificial intelligence, even as monday.com says it plans to keep investing in its AI-driven growth strategy.