Monday.com and Other Major Tech Firms Cut Jobs as Part of AI Strategy

Work management software company Monday.com disclosed in an SEC filing that it will reduce its staff by roughly 20%, affecting over 600 workers. The company positioned the move as part of a restructuring effort to align with its product, marketing, and go-to-market strategy.

Leadership stated that the workforce reduction was designed to support a leaner operating model while advancing an AI-driven growth strategy. Although the firm anticipates significant restructuring charges, it continues to project solid year-over-year revenue growth.

The announcement places Monday.com among a growing list of technology enterprises scaling back personnel. Financial analysis indicates that U.S. tech corporations have eliminated nearly 140,000 positions this year alone.

Other industry leaders, including Microsoft, Oracle, GitLab, and Meta, have similarly undertaken significant staff reductions or restructuring plans. These organizations have cited shifting operational models, infrastructure investments, and AI deployment as factors contributing to the employment changes.