Monday.com lays off hundreds to focus on AI
Monday.com is laying off 20% of its workforce, approximately 630 employees, to restructure its operations around AI development. The company is pivoting its product suite to focus on AI agents and automation tools.
Why it matters
This reflects a broader industry trend where tech companies are aggressively cutting staff to reallocate capital toward AI-centric business models.
Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments around AI projects.
The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it concentrates on its AI Work Platform.
Monday.com earlier this year pivoted hard towards making its AI platform a core offering, redesigning its entire product around the belief that its enterprise customers increasingly want AI agents to work together with their employees. The AI Work Platform currently comprises a no-code app builder, a customizable AI agent, a workflow automation tool, and a chatbot that can do tasks like generating reports and updating dashboards.
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