Monday.com cuts 630 jobs, about 20% of staff, to refocus on AI

Monday.com is laying off roughly 630 employees, about 20% of its headcount, saying the move supports a 'leaner, more focused operating model' centered on its AI Work Platform.

Why it matters: This adds to a growing pattern of established software companies citing AI-driven restructuring as justification for workforce cuts, distinct from AI directly automating the eliminated roles. It's a useful data point for tracking how enterprise software firms are reallocating headcount and budget toward AI products.