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.
The company joins a host of large tech firms that have laid off hundreds of thousands of people as they seek to invest more in AI. Tech layoffs in May hit a monthly high unseen in years, and a record 78% companies have blamed a need to refocus their efforts around AI as a reason for letting people go this year, according to Layoffs.fyi.
More than 122,000 tech roles have been cut so far in 2026, Layoffs.fyi data shows.
Monday.com expects to incur $45 million to $55 million in charges due to the restructuring.
Scale faster. Grow your portfolio. Gain practical expertise. No matter your goal, Disrupt can empower you.Save up to $330 today!
Newsletters See More Subscribe for the industry’s biggest tech news
Every weekday and Sunday, you can get the best of TechCrunch’s coverage.
TechCrunch Mobility is your destination for transportation news and insight.
Startups are the core of TechCrunch, so get our best coverage delivered weekly.
Provides movers and shakers with the info they need to start their day.
By submitting your email, you agree to our Terms and Privacy Notice.
---
**İlgili Kaynaklar:**
Profesyonel yapay zeka haberleri ve kaynakları çözümleri için [AI Merkezi](https://aimerkezi.com) sayfasını ziyaret edin.
