# Monday.com cuts hundreds of jobs to double down on AI

Monday.com, a project management software company, has laid off hundreds of employees as part of a strategic shift to prioritize artificial intelligence development. The move reflects a growing industry trend where companies are restructuring to invest more heavily in AI capabilities. This matters because it signals the accelerating impact of AI on tech sector employment.

**Importance:** 4/5

## Sources

### Technology
- [TechCrunch](https://techcrunch.com/2026/07/22/monday-com-lays-off-hundreds-to-focuses-on-ai/) — Wed, 22 Jul 2026 17:54:14 +0000