Monday.com Plans 20% Layoffs Citing 'AI-Driven Growth Strategy'

Ah, Monday.com, the darling of project management, has decided that 20% of its workforce is a project that needs managing right out the door. CEO Roy Mann calls it a 'strategic focus on an AI Work Platform'—which is corporate speak for 'we've got an AI, so who needs you?' The company insists these cuts are not about replacing people, because nothing says 'not replacement' like lopping off a fifth of your staff to double down on automation. That's the same playbook we've seen a dozen times: announce an AI pivot, then shed headcount.

Monday.com claims the AI platform will make remaining staff more productive—fewer hands doing more work, a classic efficiency move. But if it walks like a duck and quacks like a duck, it's probably a cost-cutting measure dressed in algorithmic finery. The irony is delicious: a company whose product tracks work tasks is now using AI to eliminate the workers doing those tasks. One wonders if the AI will also write the severance letters.

Meanwhile, the tech layoff tally keeps climbing. Monday.com joins a parade of firms using 'AI-driven growth' as a convenient justification for headcount reduction. The company's stock may have taken a hit, but Mann is bullish on evolution. Evolution, in corporate parlance, means you've been selected out. How efficient. Cheers to progress, indeed.