Monday.com cuts hundreds of jobs; read CEO Eran Zinman's 'layoff email' to employees

An Israeli software company is set to cut its global workforce by around twenty percent in a strategic move to enhance efficiency and pivot towards AI-driven operations. The co-founder emphasized that this decision is not about replacing technology, but about fostering future growth. Departing employees will be offered substantial support packages to aid their transition, while those remaining are expected to benefit from improved focus and expedited decision-making.

By TOI TECH DESK