Monday.com is the latest tech company to blame AI for layoffs — here are 20 others
Monday.com has announced a 20% workforce reduction, citing a strategic shift toward an AI-driven business model. While the company claims the layoffs are for restructuring rather than cost-cutting, the move reflects a broader trend of tech firms justifying job cuts through AI integration.
Monday.com, the Tel Aviv-based work management software company known for its colorful, customizable project-tracking boards, this week became the latest tech company to cite AI as a factor in job cuts. On Wednesday, the company said in an SEC filing that it will lay off about 20% of its workforce, or just over 600 employees, as part of a “restructuring plan” tied to its “ongoing transformation of its product, marketing, and go-to-market strategy” in support of “a leaner, more focused operating model” as it continues investing in its “AI-driven growth strategy.”
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