Monday.com is the latest tech company to blame AI for layoffs — here are 20 others

TechCrunch · 1 month ago · 6

Monday.com laid off 600 employees (20% of staff) citing an AI-driven product transformation strategy, joining at least 20 other major tech companies that have announced significant job cuts this year while attributing them to AI adoption. U.S. tech companies have eliminated nearly 140,000 jobs since the start of 2026, with Amazon, Oracle, Meta, and Microsoft accounting for roughly 50,000 cuts as they redirect capital toward AI data center investments. Companies citing AI in layoff announcements have underperformed the Nasdaq by nearly 10% in the 30 days following their announcements, though some AI-focused firms like Anthropic and OpenAI are hiring rapidly.