Israeli workplace software maker Monday.com is cutting hundreds of jobs as part of a restructuring plan to focus its investments on artificial intelligence projects.
Company he said it is cutting staff by 20%, or about 630, to “support a leaner, more focused operating model” as it focuses on its AI Business Platform.
Monday.com earlier this year rotates It is difficult to turn an AI platform into a core offering by redesigning its entire product based on the belief that enterprise customers increasingly want AI agents to work alongside their employees. The AI Business Platform currently consists of a code-free app builder, a customizable AI agent, a workflow automation tool, and a chatbot that can perform tasks such as generating reports and updating dashboards.
The company joins a number of large technology firms fired hundreds of thousands of people wanting to invest more in artificial intelligence. Layoffs of tech workers in May took a hit monthly high According to Layoffs.fyi, 78% of companies blamed the need to focus their efforts on artificial intelligence as the reason for letting people out of a job this year.
more than 122,000 tech roles Layoffs.fyi data shows that it has been cut to date in 2026.
Monday.com expects to take a charge of $45 million to $55 million related to the restructuring.
