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Monday.com Joins List of Tech Firms Blaming AI for Layoffs — 20 More Examples

Monday.com will lay off 20% of its workforce (over 600 people) as part of a restructuring, citing a transformation toward an AI-driven growth strategy. According to the Financial Times, U.S. IT companies have cut nearly 140,000 jobs since the start of the year, with Amazon, Oracle, Meta, and Microsoft alone accounting for almost 50,000. However, the market is skeptical of such explanations: shares of companies citing AI have underperformed the Nasdaq by 10%.

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