Monday.com lays off hundreds to focus on AI
Monday.com is cutting 630 employees as part of a restructuring to focus on AI projects, with the AI Work Platform being central to this shift. The company expects to incur $45 million to $55 million in charges, reflecting the broader trend of tech firms prioritizing AI investments. Tech layoffs in May reached a monthly high, with over 122,000 roles being cut in 2026, as companies realign their strategies to leverage AI-driven solutions.
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