Monday.com to cut 20% of global workforce in AI-focused restructuring

Israeli project management software firm Monday.com is laying off approximately 20% of its global workforce as part of a strategic restructuring. The company's co-founder and CEO Eran Zinman stated the move is aimed at improving operational efficiency and accelerating a shift toward AI-driven operations. He clarified that the decision is not about replacing employees with technology, but about positioning the company for future growth. Employees being let go will receive significant severance and transition support packages. Those remaining at the company are expected to benefit from sharper organizational focus and faster decision-making.