Industry
Monday.com Joins Tech Layoff Trend Citing AI as Factor
Monday.com announced it will lay off about 20% of its workforce, or over 600 employees, citing a restructuring tied to its AI-driven growth strategy. The Tel Aviv-based work management software company joins a growing list of major tech firms, including Amazon, Meta, and Microsoft, that have cited artificial intelligence as a factor in job cuts this year. A new Financial Times analysis shows U.S. tech companies have slashed nearly 140,000 jobs since January, with AI often cited as a reason.
Jul 2612 minNeura News