Monday: 620 jobs cut
Monday.com is cutting 20% of its workforce, approximately 620 jobs, as part of a restructuring to focus on its AI-driven growth strategy. The company aims to create a leaner operating model aligned with its new vision of integrating AI into its work platform. The layoffs reflect broader trends in the SaaS industry as companies adapt to AI advancements.
Conservative
0
Core Estimate
465
Upper Bound
620
Sources
Monday.com is cutting 20 percent of its workforce as it pivots to an AI work platform
Monday.com is cutting 20 percent of its workforce as it pivots to an AI work platform Image by: Monday.com #### TL;DR Monday.com plans to cut about 620 jobs, 20 percent of staff, as it restructures around its AI-driven growth strategy and flatter organisation Monday.com is cutting roughly 20 percent of its global workforce, about 620 people, as the Israeli project management company restructures around what it calls its AI Work Platform. The company disclosed the plan in a Form 6-K filed wit