Monday.com Announces Layoffs to Refocus on AI Initiatives
Israeli workplace software company Monday.com is laying off approximately 630 employees (20% of its workforce) as part of a restructuring effort aimed at focusing more resources on its AI Work Platform. The move aligns with broader industry trends, where many tech firms are cutting jobs to redirect efforts toward artificial intelligence.
Tickers: $MNDY
Topics: Enterprise Monday.com Tech Layoffs