monday.com to put off 630, because it adapts to AI

Israeli work working methods firm monday.com (Nasdaq: MNDY) right now introduced it’s shedding 20% of its workforce worldwide, which is able to quantity to about 630 staff.

The corporate stated, “The transfer relies on the most important product change within the firm’s historical past in latest months – redesigning the platform across the imaginative and prescient of an AI-based work platform.”

monday.com has lately suffered a pointy decline in its share value, falling 50% because the starting of the yr and shedding over 80% from its peak.

The corporate stated: “So as to obtain the required velocity and focus, the corporate is flattening its organizational construction. This transfer consists of lowering administration layers, with the goal of making smaller, extra autonomous groups, which is able to allow sooner decision-making and swifter and extra environment friendly execution. Creating an easier organizational construction is designed to empower groups, enable them to behave sooner, and restore clear and broader ‘possession’ of initiatives.”

monday.com explains that this alteration will not be a short-term transfer to chop prices or the product of AI-based effectivity. “The purpose is to refocus sources inside the firm and make investments them within the firm’s individuals, product growth, AI engines, and future progress of the corporate.”

The transfer is estimated to have an effect on about 350 staff in Israel – half of monday’s staff on the growth middle on Tel Aviv’s Yitzhak Sadeh Road.

“A painful however appropriate determination”

A letter despatched to staff by co-CEOS Roy Mann and Eran Zinman stated, “Over the previous 9 months, we’ve modified the corporate’s core imaginative and prescient, from managing work to doing the work for our prospects, with individuals and AI brokers working collectively in a single workspace.”

“This required us to alter our product, our technique, and the way in which we serve our prospects. Nevertheless it turned out that altering our technique and product was not sufficient. The group we constructed beforehand will not be the group that’s appropriate for the brand new AI period.” “Right now we’re saying the very tough determination to cut back our international workforce by 20%, affecting about 630 staff. That is probably the most painful determination we’ve made because the founding of monday – and but we’re assured that it’s the appropriate one. Now we have accomplished it. We’re the house owners. And we take full accountability for it. “The individuals leaving are proficient colleagues and associates. They’ve helped construct this firm, help our prospects and create a tradition that we’re extremely pleased with. We’re deeply grateful to them and know that nothing we will say will reduce the influence this may have on them and their households. We do not make this alteration to guard what we’ve. We’re doing it to go for all that monday might be.”

Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 22, 2026.