Monday.com Announces Workforce Reductions Amid Restructuring Focused on AI Strategy
Monday.com is cutting approximately 620 jobs, or about 20% of its global workforce, as part of a restructuring effort centered around an expanded focus on artificial intelligence. The company expects to incur $45 million to $55 million in restructuring charges and will reinvest savings into AI development.
Tickers: $MNDY
Topics: AI strategy organizational change workforce reduction