monday.com cuts 20% staff to boost profits amid 50% stock drop in a tough software market

monday.com shares have fallen over 50% in the past year despite a broader recovery in the software sector. The company announced a 20% staff layoff in July to improve GAAP profitability and control dilution. In May, monday.com introduced credits-based pricing for its AI models, aiming to accelerate growth. Its stock trades at low valuation multiples compared to peers, suggesting potential value for investors if the company stabilizes.