Monday.com is laying off hundreds to focus on artificial intelligence

Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments around artificial intelligence projects.

Company He said It is cutting its headcount by 20%, or about 630 employees, to “support a leaner, more focused operating model” with a focus on its AI platform.

Monday.com earlier this year Centered It is striving to make its AI platform a core offering, completely redesigning its product around the belief that its enterprise customers increasingly want AI agents working with their employees. The AI ​​workflow currently includes a no-code app builder, a customizable AI agent, a workflow automation tool, and a chatbot that can do tasks like creating reports and updating dashboards.

Join the company A group of major technology companies Which caused hundreds of thousands of people to be laid off as they sought to increase investment in artificial intelligence. Tech layoffs in May reached Monthly high Unprecedented in years, a record 78% of companies blamed the need to refocus their efforts around AI as a reason for letting people go this year, according to Layoffs.fyi.

more than 122,000 technical roles It has been cut so far in 2026, Layoffs.fyi data shows.

Monday.com expects to incur between $45 million and $55 million in fees due to the restructuring.