Monday.com is the latest tech company to blame AI for layoffs — here are 20 others
Monday.com announced layoffs affecting over 600 employees as part of a restructuring to align with its AI-driven growth strategy, despite projecting up to 20% year-over-year revenue growth. The company, which has offices in the U.S., cited the need to realign resources around AI investment, while noting that companies citing AI as a factor in job cuts have underperformed the Nasdaq by nearly 10% in the past 30 days. U.S. tech companies have collectively cut nearly 140,000 jobs, with Microsoft and Oracle emphasizing that their layoffs are not driven by AI but by the need to realign resources around AI investment. The restructuring reflects a broader shift in the tech industry toward AI
More from Techcrunch
Microsoft kills off unsuccessful AI features while merging its separate Copilot apps
Microsoft is simplifying Copilot by combining its consumer and business apps, and dropping AI-generated podcasts, Group Chats, Deep Research, and its Mico character.
techcrunch.com··Mads Kristian Nylund·AI ToolsAI InfrastructureAI Governance
Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs
Nvidia has a plan to make sure its GPUs won't lose value. It wants to convince a new crop of financiers to keep lending for AI buildouts.
techcrunch.com··Mads Kristian Nylund·AI DevelopmentAI InfrastructureAI Governance
Apple in talks to pay publishers to provide Siri with current news: report
The tech giant has considered a nine-figure budget for the payments, according to the WSJ.
techcrunch.com··Mads Kristian Nylund·AI ToolsAI EthicsAI Platforms