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monday.com's Form 6-K says "On July 22, 2026, monday.com Ltd. (the "Company") initiated a restructuring plan" that "includes a reduction of approximately 20% of the Company's current workforce"; Ctech's report of the staff letter is dated 22.07.26.
Ctech (Calcalist) quotes the founders' letter to employees: about 620 jobs, roughly 20% of the global workforce, not a cost cut or an AI replacement.[1]
The Jerusalem Post reports the restructuring announced 22 July: around 20% of the global workforce, 620 employees, and the flattening of the organisation around the AI work platform.[1]
TechCrunch reports the 20% reduction (about 630 staff by its count) and the $45-55 million restructuring charge, tied to the AI Work Platform pivot.
Proactive reports around 620 roles cut worldwide from the founders' letter, about 350 of them at the Tel Aviv headquarters, and the raised margin outlook.[1]
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