Monday.com lays off hundreds to focus on AI
Israeli workplace software maker Monday.com is laying off about 630 employees, 20% of its workforce, as part of a restructuring to refocus investments on AI projects and adopt a leaner operating model.
Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments around AI projects.
The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it concentrates on its AI Work Platform.