TLDRocket
26 July 2026
The AI employment reckoning deepened on Monday as Monday.com joined a growing roster of major technology companies cutting staff in the name of artificial intelligence. The work-management platform eliminated 600 employees—20 percent of its workforce—to fund what executives called a product transformation around AI. It's the latest corporate admission that while machine learning promises efficiency, the near-term human cost is tangible: since January 2026, U.S. tech firms have shed nearly 140,000 jobs, with Amazon, Oracle, Meta, and Microsoft responsible for roughly half. The pattern has proven costly for shareholders. Companies announcing AI-driven layoffs have underperformed the Nasdaq by nearly 10 percent in the month following their announcements, suggesting investors see the strategy as reactive cost-cutting rather than visionary reinvestment. The contrast is stark: while established firms trim headcount, AI-native startups like Anthropic and OpenAI are still hiring aggressively, betting that their technical advantage justifies growth.
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