The enterprise software company Monday.com is reducing its global workforce by approximately 20%. This significant layoff is attributed to a strategic shift towards an "AI-driven growth strategy" and a new AI Work Platform. The company aims to create a flatter organization with more autonomous teams to compete in this evolving market. While reducing staff, Monday.com also plans to continue hiring in key focus areas. The co-CEO emphasized that the decision was not for cost reduction or to replace employees with AI.
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https://www.businessinsider.com/monday-com-layoffs-ai-growth-strategy-2026-7