Key facts
- Monday.com plans to lay off 20% of its workforce, impacting approximately 630 employees.
- The company is restructuring to focus investments on its AI Work Platform.
- Monday.com expects restructuring charges between $45 million and $55 million.
- The company previously pivoted its entire product around AI agents working with employees.
Israeli workplace software maker Monday.com is laying off hundreds of employees, representing 20% of its workforce, as part of a restructuring plan to refocus investments around AI projects. The company stated the move supports a leaner, more focused operating model centered on its AI Work Platform. This platform includes a no-code app builder, customizable AI agent, workflow automation, and a chatbot for tasks like report generation. Monday.com joins other tech firms citing AI as a reason for workforce reductions, with over 122,000 tech roles cut in 2026, according to Layoffs.fyi. The company expects restructuring charges between $45 million and $55 million. Monday.com had 3,155 employees as of its 2025 annual report and intends to continue hiring in specific focus areas.