Monday.com cuts 630 jobs in 20% workforce reduction to prioritize AI

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Project management software firm Monday.com has announced a layoff affecting approximately 630 employees, representing 20% of its total workforce. The company stated the cuts are intended to build a leaner and more focused operating model. The restructuring aligns with Monday.com's strategic shift toward developing its AI Work Platform. No specific timeline for the layoffs was provided in the announcement.

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