Monday.com lays off a whole lot to deal with AI

Israeli office software program maker Monday.com is shedding a whole lot of staff as a part of a restructuring plan to refocus its investments round AI initiatives.

The corporate said it’s lowering its headcount by 20%, or about 630 employees, to “assist a leaner, extra centered working mannequin” because it concentrates on its AI Work Platform.

Monday.com earlier this 12 months pivoted onerous towards making its AI platform a core providing, redesigning its total product across the perception that its enterprise clients more and more need AI brokers to work along with their staff. The AI Work Platform presently includes a no-code app builder, a customizable AI agent, a workflow automation device, and a chatbot that may do duties like producing experiences and updating dashboards.

The corporate joins a host of large tech firms which have laid off a whole lot of 1000’s of individuals as they search to speculate extra in AI. Tech layoffs in Could hit a monthly high unseen in years, and a file 78% of corporations have blamed a must refocus their efforts round AI as a cause for letting individuals go this 12 months, in response to Layoffs.fyi.

Greater than 122,000 tech roles have been lower thus far in 2026, Layoffs.fyi knowledge reveals.

Monday.com expects to incur $45 million to $55 million in fees as a result of restructuring.