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StevenMartin
StevenMartin
July 23, 2026

Monday.com is cutting 630 employees about 20 percent of its workforce to streamline operations and boost investment in artificial intelligence. The company has reshaped its product around an AI work platform including a no-code app builder and custom AI assistants. The layoffs reflect a broader tech industry trend with over 122000 jobs cut in 2026 as companies pivot to AI. Monday.com expects restructuring costs between 45 million and 55 million dollars.

Monday.com is cutting 630 employees about 20 percent of its workforce to streamline operations and boost investment in artificial intelligence. The company has reshaped its product around an AI work platform including a no-code app builder and custom AI assistants. The layoffs reflect a broader tech industry trend with over 122000 jobs cut in 2026 as companies pivot to AI. Monday.com expects restructuring costs between 45 million and 55 million dollars.
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