Monday.com will lay off about 620 employees and flatten its management structure as the project management company chases what it calls the AI 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…