Israeli tech giant monday.com announced a major organizational restructuring that will see 620 employees leave the company worldwide as it shifts focus toward an AI-based work platform.

The company says the move isn't about margins, but about creating a flatter organization built around AI agents, autonomous teams, and deeper customer engagement.

Israeli software company to lay off 620 employees after a 50% share-price drop, saying it is flattening management and redirecting resources toward AI products, autonomous agents…