Monday.com layoffs: Hundreds of jobs slashed as work platform proclaims its embrace of ‘the new AI era’

Monday.com recently announced it's laying off around 20% of its workforce, roughly 600 employees, as it pivots towards embracing AI technology. This move, detailed in a filing with the SEC, is part of a broader restructuring plan aimed at streamlining operations. The layoffs underscore a significant industry shift, where tech companies are increasingly integrating AI to optimize processes and cut costs. This decision likely signals a broader trend in the tech sector as firms aim to stay competitive in the evolving AI landscape.