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business · 2 outlets · 2 linked reports

Monday.com Cuts About 630 Jobs to Refocus Around AI Products

2026-07-22

AI-assisted: summaries and questions may be incomplete or incorrect. Verify important details with the linked original reporting.

Summary

Monday.com announced a 20 percent workforce reduction affecting about 630 employees.
The company said it wants a leaner operating model centered on its AI Work Platform.
Its AI products include a no-code builder, customizable agent, automation tools and a chatbot.
Monday.com expects restructuring charges of roughly $45 million to $55 million.

The question

Should software companies cut current teams to fund a faster shift toward AI agents?

Original reporting

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