Home / Business and Economy / Monday.com Cuts 20% Staff for AI Focus
Monday.com Cuts 20% Staff for AI Focus
22 Jul
Summary
- Monday.com is laying off about 630 employees as part of a restructuring.
- The company is refocusing investments heavily on AI projects.
- Restructuring charges are expected to range from $45 million to $55 million.
Workplace software company Monday.com is undergoing a significant restructuring, which includes laying off about 630 employees, or 20% of its staff. This move is part of a broader strategy to streamline operations and concentrate investments on artificial intelligence initiatives.
The company has recently made a strategic pivot towards making its AI platform a core offering. This includes redesigning its entire product to align with the growing demand from enterprise customers for AI agents to collaborate with human employees.
Monday.com's AI Work Platform now features a no-code app builder, a customizable AI agent, workflow automation tools, and a chatbot capable of tasks like report generation. The company's restructuring is expected to result in charges between $45 million and $55 million.
This action by Monday.com mirrors a larger trend across the tech industry, where numerous companies have reduced their workforces to reallocate resources towards AI development. Data indicates a significant increase in tech layoffs throughout 2026, with a substantial majority of companies citing a need to refocus on AI as the primary reason.
