Monday.com to Cut Workforce by 20% Under Restructuring Plan

MT Newswires Live

07/22

Monday.com (MNDY) has implemented a restructuring plan that would reduce its workforce by about 20%, the company said in a Wednesday filing.

The restructuring is intended to align the company's organizational structure with its focus on the AI Work Platform, according to the filing.

Monday.com estimates net charges of about $45 million to $55 million related to the restructuring and expects to recognize the majority of these in H2, around the same time it anticipates completing the plan substantially, the company said.

The company also said it expects 2026 revenue growth to be in line with or higher than its guidance of 19% to 20%.

Monday.com stock was up more than 2% premarket Wednesday.

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