Monday.com Cuts 20% of Workforce to Accelerate AI Shift

Israel-based monday.com built its business on cloud software for managing projects and workflows. The enterprise software market is now shifting toward AI agents that can execute tasks, not merely track them, raising pressure on vendors to rethink products and staffing. In May 2026, monday.com recast itself as an AI Work Platform designed for employees and configurable agents to plan, coordinate and complete work within the same governed environment.

On July 22, 2026, monday.com said it would eliminate about 630 jobs, or 20% of its global workforce, including roughly 350 positions in Israel. The company expects $45 million to $55 million in net restructuring charges, mostly in the second half of 2026. It maintained its full-year revenue-growth forecast of 19% to 20% and raised its non-GAAP operating-margin outlook to about 15% from 13%, while saying the cuts were not intended to replace workers with AI.