Monday.com joins 20+ tech firms citing AI in layoffs
Original: Monday.com is the latest tech company to blame AI for layoffs — here are 20 others
Why This Matters
AI-attributed layoffs are reshaping tech employment at scale, with 140,000 U.S. cuts in 2026 alone.
Monday.com announced a 20% workforce reduction (600+ employees) in an SEC filing, citing its 'AI-driven growth strategy.' U.S. tech companies have cut nearly 140,000 jobs in 2026, with Amazon, Oracle, Meta, and Microsoft accounting for ~50,000 cuts as AI investment surges.
Tel Aviv-based work management platform Monday.com disclosed in an SEC filing that it will lay off approximately 20% of its workforce — just over 600 employees — as part of a restructuring tied to its 'AI-driven growth strategy.' Co-founder Eran Zinman stated in a LinkedIn memo the decision 'was not made to reduce costs or replace people with AI,' framing it instead as an organizational shift toward an AI-first model introduced roughly a year ago. The company projects $45M–$55M in net restructuring charges while still forecasting up to 20% year-over-year revenue growth for 2026.
According to new Financial Times analysis, U.S. tech companies have cut nearly 140,000 jobs since January 2026, with Amazon, Oracle, Meta, and Microsoft alone responsible for ~50,000 of those cuts as they invest hundreds of billions into AI infrastructure. Notably, the FT found that companies citing AI in layoff announcements underperformed the Nasdaq by nearly 10% in the 30 trading days following announcements. Meanwhile, AI-native firms like Anthropic and OpenAI are hiring rapidly. Meta shifted ~7,000 employees into AI roles even as it cut 8,000 others; IBM is tripling entry-level AI hiring alongside recent reductions. Microsoft cut 4,800 roles (2.1% of workforce) in July, primarily in its Xbox unit.