Economy · Full coverage
Monday.com Reverses Course, Lays Off 20% of Staff Despite Earlier AI Hiring Optimism
How 9 Israeli newsrooms covered this story — translated into English and compared side by side.
71% center
Center 5Right 2Unrated 2
First reported by Calcalist · 7 hours ago
What happened
Monday.com, which recently promoted AI-driven hiring growth, has reversed course and laid off 20% of its global workforce, including half in Israel. Despite strong financial results, the company cites organizational adjustments for AI’s impact on software development rather than cost-cutting. This shift also includes downsizing planned office expansions in Tel Aviv.
- 01Monday.com lays off 620 employees, 20% of global staff, half in Israel.
- 02Company previously insisted AI would increase hiring, not reduce it.
- 03Strong Q1 financials and raised forecasts contrast with layoffs.
- 04Layoffs described as organizational adjustment, not cost-cutting.
- 05Planned Tel Aviv office expansion scaled back significantly.
- 06Hiring growth slowed from 30% to 15% annually before layoffs.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 9 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
GlobesUnrated · Hebrew4 hours ago
Monday.com Reverses Course, Lays Off 20% of Staff Despite Earlier AI Hiring Optimism
Behadrei HaredimRight · Hebrew5 hours ago
Israeli Tech Giant Monday.com Cuts 20% of Global Workforce Amid AI Shift
Now 14Right · Hebrew6 hours ago
Israeli Tech Firm Monday.com Cuts Hundreds of Jobs Amid AI Shift and Market Challenges
Kan NewsCenter · Hebrew7 hours ago
Israeli Tech Giant Monday.com Cuts 20% of Global Workforce Amid AI-Driven Restructuring
YnetCenter · Hebrew7 hours ago
Monday.com Cuts 620 Jobs Amid AI-Driven Restructuring and Market Challenges
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