Monday.com's co-CEO Eran Zinman wrote that the layoffs decision "was not made to reduce costs or replace people with AI."

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…