Monday.com Cuts Hundreds of Jobs to Shift Focus to AI

WHO:

Fast Company - Monday.com, a work management software firm, is laying off employees.

TechCrunch - Monday.com is reducing its headcount.

WHAT:

Fast Company - Monday.com announced it will lay off about 20% of its workforce, which is just over 600 employees.

TechCrunch - The company is reducing its headcount by 20%, or about 630 staff.

Fast Company - Monday.com estimates it will face $45 million to $55 million in net charges due to the restructuring plan.

Fast Company - The company expects to maintain or improve on its predicted 19% to 20% year-over-year revenue growth for 2026.

WHERE:

Fast Company - Monday.com has offices in New York, Denver, and various cities in Europe, Australia, South America, and Asia.

WHEN:

Fast Company - The layoffs were announced through a filing with the Securities and Exchange Commission (SEC) on July 22.

WHY:

Fast Company - The layoffs are part of a restructuring plan to support a leaner, more focused operating model as the company invests in its AI-driven growth strategy.

Fast Company - Eran Zinman, a cofounder of Monday.com, stated that the organization built for the previous chapter does not fit the new AI era.

HOW:

Fast Company - The restructuring plan reflects the ongoing transformation of Monday.com's product, marketing, and go-to-market strategy.

(UPDATED July 23, 2026 14:45 UTC)

Monday.com, a work management software firm, is laying off about 20% of its workforce, which amounts to over 600 employees, as part of a restructuring plan aimed at supporting a more focused operating model. The company anticipates incurring net charges between $45 million and $55 million due to this restructuring, while still expecting to maintain or improve its projected year-over-year revenue growth of 19% to 20% for 2026. Co-founder Eran Zinman noted that the organization built for the previous chapter does not align with the demands of the new AI era, prompting these significant changes across its offices in New York, Denver, and various locations worldwide.