Monday.com lays off hundreds to focus on AI
TechCrunch AI Ram Iyer
Monday.com is cutting 20% of its workforce, or about 630 employees, to concentrate investment on its AI Work Platform, which includes a no-code app builder, AI agents, workflow automation, and a chatbot. The company expects restructuring charges of $45 million to $55 million. This joins a trend of tech firms laying off thousands to pivot toward AI, with 78% of companies citing AI refocus as a reason for cuts in 2026.
Why it matters
The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.
