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

Monday.com announced it will lay off 20% of its workforce to align its business strategy with an AI Work Platform. The company, which provides project management software, said the cuts are not intended to replace human workers with artificial intelligence but to focus growth around AI technology.

The layoffs affect approximately 20% of Monday.com's employees. The company emphasized that the strategic shift is about evolving the business model rather than cost-cutting. Monday.com has been investing in AI features for its platform, including automated task assignments and predictive scheduling.

The move is part of a broader trend in the tech industry where companies are restructuring around AI capabilities. Monday.com said it will provide severance packages and career transition support to affected employees. The layoffs are expected to be completed in the coming months.