Monday.com, the Tel Aviv based work management software company recognized for its colorful and customizable project tracking boards, this week became the latest technology company to point to artificial intelligence as a reason for job cuts. On Wednesday, the company disclosed in a Securities and Exchange Commission filing that it will eliminate approximately 20% of its workforce, which amounts to just over 600 employees. The move is part of a restructuring plan tied to what the company described as its ongoing transformation of product, marketing, and go to market strategy in support of a leaner and more focused operating model as it continues investing in its AI driven growth strategy.
Co founder Eran Zinman told employees in a memo posted on LinkedIn that the decision was not made to reduce costs or replace people with AI. He instead positioned it as adapting the organization to a new AI first vision that the company laid out roughly a year ago when it rebranded around a platform wide AI push. Monday.com, which maintains two offices in the United States, expects to incur between $45 million and $55 million in net restructuring charges. Despite the cuts, the company still projects up to 20% year over year revenue growth for 2026.
According to a new analysis from the Financial Times, U.S. technology companies have cut nearly 140,000 jobs since the beginning of this year. Amazon, Oracle, Meta, and Microsoft alone account for almost 50,000 of those cuts as they funnel hundreds of billions of dollars into AI data center buildouts. Interestingly, the Financial Times also found that companies citing AI as a factor in job cuts have underperformed the Nasdaq by almost 10% in the 30 trading days following their announcements. This suggests the market does not entirely buy the stories that the companies are telling.
Still, the picture is not uniformly bleak. The Financial Times notes that AI focused companies like Anthropic and OpenAI are hiring rapidly, absorbing some of the talent shed elsewhere in the industry. And within some of the very companies making cuts, headcount is shifting rather than disappearing entirely. Meta, for instance, earlier this year moved roughly 7,000 employees into new AI focused roles even as it laid off 8,000 others. IBM says it is tripling entry level hiring for AI and hybrid cloud roles alongside recent cuts.
Microsoft Cuts 4,800 Roles in July
Microsoft cut about 4,800 roles on July 9, 2026, representing 2.1% of its global workforce. Most of the cuts hit its Xbox gaming unit, resetting the business only three years after acquiring Activision Blizzard for $75 billion, according to the Financial Times. Separately, Microsoft offered buyouts structured as voluntary separations without disclosing how many employees these would impact. The company said the role eliminations were not being replaced by AI but acknowledged that AI is changing how work gets done. CFO Amy Hood said total headcount declined year over year in fiscal Q3 and was expected to keep declining as the company focuses on building high performing teams that operate with pace and agility amid rising AI investment.
Oracle Discloses 21,000 Job Cuts Over 12 Months
Oracle disclosed in late June that it had reduced its workforce by 21,000 employees over the past 12 months, a decline of 13%. This means more cuts than was previously known, including because of AI. The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce, the company said in an annual financial regulatory filing.
GitLab Lays Off 350 Workers to Fund AI Infrastructure
GitLab laid off roughly 350 workers on June 3, 2026, about 14% of its staff, to fund AI infrastructure investment and handle surging traffic from AI workflows. CEO Bill Staples said agentic workloads are pushing competitors to the brink and that the company had begun a generational rebuild of its core infrastructure to support what he called 100x growth requirements. GitLab is exiting 22 countries, flattening management layers, and partnering with an unspecified AI lab to rebuild its platform for agent scale workloads. The company reported first quarter revenue of $264 million, up 23% year over year, and expects to incur $30 to $35 million in restructuring costs.
Google Quietly Cuts Cloud and Cybersecurity Staff
Alphabet's Google has quietly cut employees across its Cloud division, including its Threat Intelligence Group and Mandiant linked cybersecurity staff, even as Cloud revenue grew 63% to exceed $20 billion for the first time and its backlog nearly doubled to over $460 billion. Over the past year, Google has cut more than a third of the managers overseeing small teams, meaning 35% fewer managers with fewer direct reports. Unlike most companies on this list, Google has never announced a single overall number. The cuts have come through a rolling performance review process, a voluntary buyout program, and structural reorganizations, with outside estimates putting the 2026 total at between 1,500 and 3,000 plus engineers.
Intuit Plans to Cut 3,000 Jobs
Intuit announced plans on May 20, 2026, to eliminate roughly 3,000 jobs, about 17% of its total workforce, in a restructuring centered on reducing complexity and reallocating resources toward AI. CEO Sasan Goodarzi reportedly told staff the company is reducing complexity and simplifying the structure so it can deliver better products.
Meta Lays Off 8,000 While Moving 7,000 to AI Roles
Meta laid off about 8,000 employees on May 20 and 21, 2026, roughly 10% of its workforce, while moving about 7,000 employees into new AI focused roles that they reportedly hate. CEO Mark Zuckerberg told staff the cuts were necessary because success is not a given in AI.
Cisco Cuts Nearly 4,000 Jobs Despite Strong Earnings
Cisco announced on May 14, 2026, that it is cutting nearly 4,000 jobs, about 5% of its workforce, despite reporting better than expected profit and revenue. CFO Mark Patterson said this was really not a savings driven restructure and that it is more about realigning resources around silicon, optics, security, and AI.
Cloudflare Cuts 20% of Workforce
Cloudflare cut about 20% of its workforce, or 1,100 people, on May 7 and 8, 2026, reporting quarterly revenue of $639.8 million, up 34% year over year and the highest single quarter in company history. CEO Matthew Prince wrote that the vast majority of those we laid off last week were measurers, meaning middle management, finance, legal, internal auditing, and revenue recognition.
General Motors Eliminates 500 to 600 IT Jobs
GM eliminated 500 to 600 jobs on May 12, 2026, largely in IT roles in Austin, Texas, and Warren, Michigan, saying it was reevaluating its workforce needs amid uncertain market conditions. A person familiar with the cuts told CNBC that AI played a role in the decision but that it was not the only reason. GM's statement said it was transforming its Information Technology organization to better position the company for the future. Despite the cuts, the company still had roughly 80 open IT positions, including roles in AI, motorsports, and autonomous vehicles.
Coinbase Cuts 700 Jobs, Flattens Structure
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The crypto exchange said on May 5, 2026, that it was cutting about 700 employees, or 14% of its staff, as part of a restructuring aimed at addressing market volatility and increasing AI efficiency. The company flattened its organizational structure to five layers below the CEO and COO and said it would experiment with one person teams combining engineering, design, and product roles. CEO Brian Armstrong wrote that AI had changed the pace of work dramatically, noting that engineers use AI to ship in days what used to take a team weeks, and that the company needed to leverage AI across every facet of our jobs.
PayPal Plans to Cut 20% of Workforce Over Two to Three Years
PayPal announced plans on May 5, 2026, to cut around 20% of its workforce over the next two to three years, north of 4,500 jobs, as part of a turnaround strategy centered on AI adoption and organizational simplification. CEO Enrique Lores told investors the company would aggressively adopt AI in its development processes and formed a new AI transformation and simplification team reporting directly to him, tasked with redesigning the company's processes function by function. Lores framed the cuts as removing organizational layers and said AI would extend well beyond coding into customer service, support operations, and risk management.
Microsoft Offers Buyouts in April and May
Microsoft offered buyouts structured as voluntary separations in April and May 2026 without disclosing how many employees these would impact. CFO Amy Hood said total headcount declined year over year in fiscal Q3 and is expected to keep declining as the company focuses on building high performing teams that operate with pace and agility amid rising AI investment.
Snap Cuts 16% of Global Workforce
Snap cut roughly 16% of its global workforce on April 16, 2026, about 1,000 full time employees, and closed more than 300 open roles, with CEO Evan Spiegel citing AI advancements as a key driver. Rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers, Spiegel wrote in a memo filed with the SEC. The company said it had already seen small squads using AI tools to drive progress across Snapchat Plus, ad platform performance, and infrastructure efficiency.
IBM Cuts Thousands, Triples AI Hiring
Between Q4 2025 cuts and April 2026 Red Hat engineering reductions, estimates range from 3,000 to 9,000 U.S. positions eliminated at IBM, bringing the company's cumulative total since September 2024 above 15,000. Bloomberg reported IBM plans to triple its U.S. entry level hiring for AI and hybrid cloud roles, even as roughly 200 HR positions were replaced by AI agents. An IBM spokesperson described the Q4 2025 round as a routine rebalancing affecting a low single digit percentage of its global workforce.
Atlassian Cuts 1,600 Jobs to Rebalance Toward AI
Atlassian cut about 1,600 jobs on March 11, 2026, representing 10% of its workforce, to rebalance toward AI and enterprise sales, even as shares rose nearly 2% on the news. CEO Mike Cannon Brookes said our approach is not AI replaces people, but it would be disingenuous to pretend AI does not change the mix of skills we need or the number of roles required in certain areas. It does.
Dell Workforce Falls 10% in Fiscal 2026
Dell's total workforce fell about 10% in fiscal 2026, roughly 11,000 jobs, to about 97,000 employees from 108,000 a year earlier, with $569 million spent on severance. The cuts came as Dell projected its AI optimized server revenue could double in fiscal 2027.
Oracle Begins Terminal Email Cuts in March
As noted above, Oracle began telling employees in March 2026 that it would be cutting thousands of jobs via terminal emails. The cuts came even as Oracle posted $3.7 billion in quarterly net income, up 27% year over year, with remaining performance obligations up 325% to $553 billion, with savings redirected toward AI data centers. The cuts would later total 21,000 over 12 months, as Oracle disclosed in its June 22 annual filing.
Block Cuts Nearly Half Its Workforce
Jack Dorsey's Block cut 4,000 jobs on February 26 and 27, 2026, nearly half its workforce, down to under 6,000 from over 10,000. Dorsey wrote on X that we are already seeing that the intelligence tools we are creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. He added that he thinks most companies are late and that within the next year, he believes the majority of companies will reach the same conclusion and make similar structural changes.
Salesforce Lays Off Under 1,000 Employees
Salesforce laid off fewer than 1,000 employees on February 10, 2026, across marketing, product management, data analytics, and its Agentforce AI unit. The company told Fortune that because of the benefits and efficiencies of Agentforce, we have seen the number of support cases we handle decline and we no longer need to actively backfill support engineer roles. This followed an earlier cut of about 4,000 customer support roles, shrinking that team from roughly 9,000 to 5,000, with CEO Marc Benioff saying the company needed less heads because AI agents handle the work.
Amazon Cuts 16,000 Corporate Jobs in January
Amazon cut 16,000 corporate jobs on January 28, 2026, following 14,000 cuts in October 2025, about 9% of its corporate workforce in three months. The company said it was part of strengthening our organization by reducing layers, increasing ownership, and removing bureaucracy. CEO Andy Jassy had said in June 2025 that as we roll out more generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today, and in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.