Monday.com is laying off approximately 620 employees.
This reduction represents 20% of the company's global workforce. The restructuring shifts the organization’s focus toward becoming an AI-centric work platform.
Management describes the move as a strategic alignment rather than a cost-cutting measure. The new operating model reduces management layers to foster more autonomous teams.
The company will continue hiring in key strategic areas through 2026. Monday.com expects to incur restructuring charges between $45 million and $55 million.
It anticipates completing the process in the second half of 2026. The company also raised its full-year non-GAAP operating margin outlook.