monday.com announced on July 22, 2026 that it is laying off about 620 people, a fifth of its workforce, with 350 of the cuts in Israel, where more than half its staff is based. The company calls the move an AI-era restructuring and says it is reallocating resources toward AI product development rather than replacing workers with AI. Israeli press initially reported 620 to 630 positions; Globes corrected its figure to 620, which this entry uses.
The cuts land against a brutal stretch for the stock. Shares are down about 50% this year and more than 80% from their peak, even as the work management platform remains one of Israel's largest public software companies. The 620 join a July wave of AI-framed restructurings tracked here, alongside GoKwik, Mews, and TikTok's moderation overhaul.