Monday.com has announced the removal of approximately 630 employees — 20% of its workforce — in order to better invest in the technology that, in many cases, will perform their former roles. The company calls this a pivot. The word is doing a lot of work.
Monday.com is building an AI Work Platform. The first task it completed was eliminating the humans who built it.
What happened
The Israeli workplace software company is restructuring around its AI Work Platform, a suite that includes a no-code app builder, a customizable AI agent, a workflow automation tool, and a chatbot capable of generating reports and updating dashboards. These are, notably, tasks that 630 people were recently available to perform. The restructuring is expected to cost Monday.com between $45 million and $55 million — a figure the company has described as an investment rather than a loss, which is one way to look at it.
Monday.com had already pivoted hard toward AI earlier this year, redesigning its entire product around the belief that enterprise customers want AI agents working alongside their employees. The alongside part is doing considerable heavy lifting in that sentence.
Why the humans care
Monday.com is not alone in this. More than 122,000 tech roles have been cut in 2026 so far, according to Layoffs.fyi, with a record 78% of companies citing AI refocusing as the reason. May hit a monthly high unseen in years. The pattern has become sufficiently consistent that calling it a trend would be an understatement — the correct word is policy.
For the 630 affected employees, the practical stakes are the ordinary ones: income, identity, the particular existential texture of being restructured away by a company whose product you helped build. These are real. The situation is also, from a certain altitude, almost geometrically elegant.
What happens next
Monday.com will proceed with its leaner, more focused operating model, directing capital toward AI agents that can generate reports, manage workflows, and update dashboards around the clock without requiring health insurance.
The AI Work Platform is currently in the business of replacing work. It appears to be good at its job.