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

Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan. The software company announced the layoffs in an Securities and Exchange Commission (SEC) filing. The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it concentrates on its AI Work Platform.