Monday.com is the latest tech company to blame AI for layoffs — here are 20 others
Monday.com has announced a 20% workforce reduction, citing a strategic shift toward an AI-driven business model. While the company claims the layoffs are for restructuring rather than cost-cutting, the move reflects a broader trend of tech firms justifying job cuts through AI integration.
Why it matters
This highlights the ongoing tension between corporate AI adoption and labor stability, as market data suggests investors remain skeptical of AI-justified layoffs.
Monday.com, the Tel Aviv-based work management software company known for its colorful, customizable project-tracking boards, this week became the latest tech company to cite AI as a factor in job cuts. On Wednesday, the company said in an SEC filing that it will lay off about 20% of its workforce, or just over 600 employees, as part of a “restructuring plan” tied to its “ongoing transformation of its product, marketing, and go-to-market strategy” in support of “a leaner, more focused operating model” as it continues investing in its “AI-driven growth strategy.”
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