Monday.com Cuts 630 Jobs, 20%, to Refocus on AI Work Platform
Updated
Updated · TechCrunch · Jul 22
Monday.com Cuts 630 Jobs, 20%, to Refocus on AI Work Platform
3 articles · Updated · TechCrunch · Jul 22
Summary
Monday.com will eliminate about 630 roles—20% of its workforce—in a restructuring aimed at creating a leaner operating model and shifting investment toward AI.
The company has redesigned its product strategy around an AI Work Platform, betting enterprise customers want AI agents working alongside employees.
That platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot that can generate reports and update dashboards.
Monday.com expects $45 million to $55 million in restructuring charges as it joins a broader tech pullback tied to AI spending.
Layoffs.fyi says more than 122,000 tech jobs have been cut in 2026, with 78% of companies citing an AI refocus as a reason for reductions.