Monday.com announced it will reduce its workforce by 20%, equating to approximately 630 employees. The company stated this decision is aimed at establishing a leaner and more focused operating model while concentrating on its AI Work Platform.
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Monday.com reduces workforce by 20% to prioritize AI initiatives
Monday.com has confirmed a 20% reduction in its workforce, amounting to around 630 employees. This move is intended to create a more streamlined operating model as the company shifts its focus towards its AI Work Platform.
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Monday.com lays off hundreds to focus on AI
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Monday.com reduces workforce by 20% to prioritize AI initiatives