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Home/News Feed/Monday.com cuts 20% of workforce to focus on AI-driven collaboration and workspace innovation

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Monday.com cuts 20% of workforce to focus on AI-driven collaboration and workspace innovation

Market News

22 Jul 2026

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Bearish

Monday.com is laying off about 620 employees, roughly 20% of its global workforce, as it restructures to prioritize AI-powered collaboration tools. The company aims to shift from traditional work management to an AI-enabled workspace where humans and AI agents collaborate. This reorganization includes changes in sales and customer support, with plans to reinvest savings into AI product development. Monday.com raised its 2026 operating margin forecast to 15%, signaling confidence in its AI-driven strategy despite the job cuts.

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Monday.com cuts 20% of staff to focus on AI-driven workplace software.

Monday.com, an Israeli workplace software company, is laying off about 630 employees, or 20% of its workforce, to restructure and prioritize its AI Work Platform. This platform includes AI tools like a no-code app builder, customizable AI agents, and...

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