Monday.com is cutting 20 percent of its workforce as it pivots to an AI work platform
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 with the US Securities and Exchange Commission on Tuesday, citing the need to support a leaner operating model aligned with its AI-driven growth strategy. Co-founder and co-CEO Eran Zinman published a note to staff on LinkedIn calling it the most painful decision the company has made since its founding.
The layoffs follow a brutal stretch for Monday.com’s stock, which has lost more than half its value in 2026 and roughly 75 percent from its 52-week high. The company is caught in the broader SaaSpocalypse selloff that has punished enterprise...
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