Monday.com is the latest tech company to blame AI for layoffs — here are 20 others
TechCrunch Rebecca Bellan, Connie Loizos
Monday.com just cut 20% of its staff, about 600 people, and pinned it on its AI push. It's now one of over 20 tech companies this year using AI as the reason for layoffs.
Based on reporting by TechCrunch, Rebecca Bellan, Connie Loizos — read the original for the full story.
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Monday.com's SEC filing this week reads like a template at this point: restructuring, leaner operating model, AI-driven growth strategy, roughly 600 jobs gone. Co-founder Eran Zinman told staff the cuts weren't about replacing people with AI or trimming costs, just reshaping the company around the AI-first vision it announced about a year ago. The company still expects up to 20% revenue growth in 2026, which is the part that should give everyone pause.
Because Monday.com isn't an outlier, it's a data point in a pattern that's now well over a dozen entries deep. Amazon, Oracle, Meta, and Microsoft alone have cut nearly 50,000 jobs between them this year, part of a broader wave that's eliminated close to 140,000 tech positions since January, according to Financial Times reporting. Some of the language repeats almost word for word across companies: Atlassian's Mike Cannon-Brookes admitted it would be "disingenuous" to say AI doesn't change headcount needs, while Cisco's CFO insisted the cuts were about realigning resources, not savings, and Microsoft keeps saying roles are "not being replaced by AI" even as total headcount keeps shrinking anyway.
What's odd is that the market isn't rewarding this behavior the way you'd expect. The FT found that companies citing AI as a factor in layoffs have actually underperformed the Nasdaq by nearly 10% in the month after their announcements. That's a meaningful signal — investors seem skeptical that
My take — AI-written commentary, not fact-checked reporting
I don't buy the framing that AI is quietly and blamelessly reshuffling the workforce while nobody actually loses. Companies love citing AI because it sounds inevitable and forward-looking, which is a much better story than admitting margins are getting squeezed or that a $75 billion acquisition didn't pan out. The market's skepticism here is the most honest signal in this whole trend — everyone else is guessing, including the executives writing these memos.
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