Overview
- Monday.com announced in a filing that it will reduce its global workforce by about 20%, equal to roughly 620–630 jobs, as part of a companywide restructuring.
- The company estimates the reorganization will produce $45 million to $55 million in charges, mostly for severance and office reductions.
- Leadership framed the move as a strategic pivot to an "AI Work Platform" that pairs employees with agentic AI, and the company says it will keep hiring for prioritized AI roles.
- Management maintains its 19%–20% revenue growth target for 2026 and raised its operating margin outlook even as investors remain cautious after a steep year-long share decline.
- The layoffs follow a wider 2026 trend of tech firms reshaping headcount around AI work, and they could speed product change while disrupting teams and customer support where institutional knowledge is lost.