Monday.com says it is reducing its headcount by about 20%, eliminating roughly 620–630 roles, as it restructures to support a “leaner, more focused operating model.” The Israeli project management software company frames the move as part of its pivot toward its AI Work Platform. In both reports, the company cites the same broad rationale: reallocating resources and reshaping its organization to align with its AI-focused product direction. The company communicates the decision through a filing with the U.S. Securities and Exchange Commission, where it details the workforce reduction percentage and the approximate number of employees affected. While the exact job categories impacted are not specified in the provided excerpts, the stated goal is to streamline operations while continuing to develop and prioritize its AI-related offering. Overall, the layoffs are portrayed as a restructuring step tied to its AI product strategy rather than a change in revenue guidance or a response to a single market event, based on the information included in the reports.