Monday.com Cuts 20% of Staff to Focus on AI Work Platform

Israeli workplace software company Monday.com announced a 20% headcount reduction on July 22, 2026, affecting roughly 630 employees. The company stated the layoffs "support a leaner, more focused operating model" as it concentrates on its AI Work Platform — comprising a no-code app builder, customizable AI agent, workflow automation tool, and chatbot. Restructuring charges are expected at $45–55 million.