Monday.com cuts hundreds of jobs as it restructures around AI strategy
Monday.com (NASDAQ:MNDY) announced it is cutting approximately 20% of its global workforce, eliminating around 620 roles, as the Israeli workplace software company restructures its operations around a shift toward AI-enabled collaboration between employees and autonomous agents. The layoffs, described by co-founders Roy Mann and Eran Zinman as the 'most painful' since the company's founding, will affect about 350 positions at its Tel Aviv headquarters and the remainder across global offices. The company expects to incur between $45 million and $55 million in net restructuring charges, primarily for severance and office space reductions, with savings reinvested into AI engineering and product development. Monday.com emphasized the layoffs are not a cost-cutting initiative or direct replacement of employees with AI, but a broader organizational shift as the software industry adapts to AI-driven workflows. The company raised its full-year 2026 non-GAAP operating margin outlook to 15% from 13%, while maintaining a 19-20% revenue growth target.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection