Monday.com: 620 jobs cut
Monday.com has announced a layoff of 620 employees, representing 20% of its workforce, as part of a restructuring to focus on AI products and autonomous agents. The company emphasizes that these layoffs are not a direct result of AI replacing workers but rather a strategic shift in its organizational structure. This move follows a significant decline in the company's share price and aims to align resources with its new product strategy.
Conservative
0
Core Estimate
465
Upper Bound
620
Sources
Monday.com cuts 20% of workforce in AI overhaul
Monday.com cuts 20% of workforce in AI overhaul Search Channels Sites & Sources Contact - Contact us - Privacy Policy - Terms of Use - Accessibility Statement # Monday.com cuts 20% of workforce in AI overhaul ## Israeli software company to lay off 620 employees after a 50% share-price drop, saying it is flattening management and redirecting resources toward AI products, autonomous agents and future growth Meir Orbach, Calcalist| Add a comment Print Find an error? Report us Related Top