Monday.com Cuts 20% of Workforce in AI Pivot

Israel-based workplace software maker Monday.com has long sold tools for managing projects and workflows. As businesses increasingly seek to deploy AI agents alongside employees, the company on May 6, 2026 recast its offering as an AI Work Platform, designed to let people and agents plan and execute work within the same system. The shift is strategically important as generative AI reshapes demand and competitive expectations across the software-as-a-service market.

Monday.com said on July 22, 2026 it would cut about 630 jobs, or 20% of its global workforce, while continuing to hire in selected strategic areas. It expects $45 million to $55 million in restructuring charges, mostly in the second half of 2026. The company raised its full-year non-GAAP operating margin forecast to about 15% from 13%, while keeping projected revenue growth and adjusted free-cash-flow margin at 19% to 20%.