Israeli software company Monday.com recently announced that it will cut about 20% of its staff, affecting approximately 630 employees. This layoff decision is part of the company's restructuring plan, aimed at supporting a more streamlined and focused operational model while increasing investment in artificial intelligence projects.

Layoffs

Earlier this year, Monday.com decided to make its AI platform a core product, significantly adjusting it and reshaping the entire product to meet the needs of enterprise customers for AI assistants. The AI work platform currently includes features such as a no-code app builder, custom AI assistants, workflow automation tools, and chatbots that can generate reports and update dashboards.

Monday.com's decision to lay off employees is not an isolated case; many large technology companies are also undergoing large-scale layoffs to increase their investments in artificial intelligence. According to data from Layoffs.fyi, the number of tech layoffs in May 2026 reached a multi-year high, with over 78% of companies reporting layoffs due to the need to refocus on artificial intelligence. So far in 2026, more than 122,000 tech jobs have been cut.

Due to the restructuring, Monday.com expects to incur related costs between $45 million and $55 million. The company hopes that this adjustment will give it a greater competitive advantage in the future market.

Key Points:

🌟 Monday.com is laying off 630 employees to streamline operations and focus on artificial intelligence.

🤖 The company has reshaped its products, launching an AI work platform that includes a no-code app builder and AI assistants.

📉 The number of tech industry layoffs in 2026 has exceeded 122,000, reflecting a strong demand for investment in AI.