monday.com Ltd.
(NASDAQ:MNDY) said Wednesday it will reduce its workforce by about 20% as part of a restructuring plan aimed at aligning the company with its strategy to become an AI-focused work platform, while raising its full-year operating margin outlook.
Following the announcement, the stock rose nearly 2%. monday.com To Cut 20% Of Workforce As It Restructures Around AI The Israel-based software company said the restructuring reflects ongoing changes to its product, marketing and go-to-market strategy.
The plan is intended to create a leaner operating model while allowing the company to continue investing in AI-driven growth.
Despite the workforce reduction, monday.com said it expects to keep hiring in key strategic areas through the remainder of 2026.
