Monday.com announced it will cut roughly 600 jobs, representing about 20% of its workforce, citing an ongoing shift to an AI-driven growth model as the reason.
The Tel Aviv-based work management firm stated the move supports a leaner operating structure. Co-founder Eran Zinman told staff via LinkedIn that the decision was not to replace people with machines, but to adapt the organisation to a vision laid out a year ago. The company expects net restructuring charges between $45 million and $55 million, though it still forecasts up to 20% revenue growth for 2026.
The wider context
Analysis by the Financial Times shows US tech firms have shed nearly 140,000 jobs since the start of the year. Amazon, Oracle, Meta, and Microsoft account for almost 50,000 of those cuts. These companies are funneling hundreds of billions of dollars into AI data centre construction.
Stock prices for companies citing AI as a driver for job cuts have underperformed the Nasdaq by almost 10% over the 30 trading days following their announcements. The market does not appear to fully accept these explanations.
However, the situation is not uniformly negative. AI-focused firms like Anthropic and OpenAI are hiring rapidly, absorbing talent from elsewhere. Within some cutting companies, headcount is shifting rather than vanishing. Meta moved roughly 7,000 employees into new AI roles while laying off 8,000 others. IBM says it is tripling entry-level hiring for AI and hybrid-cloud roles alongside recent reductions.
Recent moves
Microsoft — July 9, 2026
Microsoft cut about 4,800 roles, or 2.1% of its global workforce. Most of these positions were in the Xbox gaming unit, resetting the business just three years after acquiring Activision Blizzard for $75 billion. The company offered buyouts as voluntary separations without disclosing the specific numbers. CFO Amy Hood noted total headcount declined in fiscal Q3 and is expected to fall further as the firm focuses on building high-performing teams with pace and agility amidst rising AI investment. The firm stated the roles were not being replaced by AI but acknowledged AI is changing how work gets done.
Oracle — June 22, 2026
Oracle disclosed it had reduced its workforce by 21,000 employees over the past 12 months, a 13% decline. The company stated the adoption and deployment of AI technologies across operations have resulted, and may continue to result, in reductions to its workforce.
GitLab — June 3, 2026
GitLab laid off roughly 350 workers, about 14% of its staff, to fund AI infrastructure investment and handle surging traffic from AI workflows. CEO Bill Staples said agentic workloads are pushing competitors to the brink. The company began a generational rebuild of its core infrastructure to support what he called 100x growth requirements. GitLab is exiting 22 countries, flattening management layers, and partnering with an unspecified AI lab to rebuild its platform for agent-scale workloads. First-quarter revenue was $264 million, up 23% year-over-year. The company expects to incur $30 to $35 million in restructuring costs.
Google — ongoing through May
Alphabet’s Google has quietly cut employees across its Cloud division, including the Threat Intelligence Group and Mandiant-linked cybersecurity staff. Cloud revenue grew 63% to exceed $20 billion for the first time, and its backlog nearly doubled to over $460 billion. Over the past year, Google has cut more than a third of the managers overseeing small teams. Unlike most on this list, Google has never announced a single overall number. The cuts have come through a rolling performance review process, a voluntary buyout program, and structural reorganizations. Outside estimates put the 2026 total at between 1,500 and 3,000+ engineers.
Intuit — May 20, 2026
Intuit announced plans to eliminate roughly 3,000 jobs, about 17% of its total workforce. The restructuring centres on reducing complexity and reallocating resources toward AI. CEO Sasan Goodarzi reportedly told staff the company is reducing complexity and simplifying the structure so it can deliver better products.
Meta — May 20-21, 2026
Meta laid off about 8,000 employees, roughly 10% of its workforce, while moving about 7,000 employees into new AI-focused roles. CEO Mark Zuckerberg told staff the cuts were necessary because success isn’t a given in AI.
Cisco — May 14, 2026
Cisco announced it is cutting nearly 4,000 jobs, about 5% of its workforce, despite reporting better-than-expected profit and revenue. CFO Mark Patterson said this was not a savings-driven restructure but about realigning resources around silicon, optics, security and AI.
Cloudflare — May 7-8, 2026
Cloudflare cut about 20% of its workforce, 1,100 people. The company reported quarterly revenue of $639.8 million, up 34% year-over-year and the highest single quarter in company history. CEO Matthew Prince wrote that the vast majority of those laid off last week were measurers, covering middle management, finance, legal, internal auditing, and revenue recognition.
General Motors — May 12, 2026
GM eliminated 500 to 600 jobs, largely in IT roles in Austin, Texas, and Warren, Michigan. The company said it was reevaluating its workforce needs amid uncertain market conditions. A person familiar with the cuts told CNBC that AI played a role but was not the only reason. GM’s statement said it was transforming its Information Technology organization to better position the company for the future. The company still had roughly 80 open IT positions, including roles in AI, motorsports, and autonomous vehicles.
Coinbase — May 5, 2026
The crypto exchange said it was cutting about 700 employees, or 14% of its staff. The restructuring aims to address market volatility and increase AI efficiency. The company flattened its organisational structure to five layers below the CEO and COO and said it would experiment with one-person teams combining engineering, design, and product roles. CEO Brian Armstrong wrote that AI had changed the pace of work dramatically, noting engineers use AI to ship in days what used to take a team weeks. He stated the company needed to leverage AI across every facet of its jobs.
PayPal — May 5, 2026
PayPal announced plans to cut around 20% of its workforce over the next two to three years, north of 4,500 jobs. This is part of a turnaround strategy centred on AI adoption and organisational simplification. CEO Enrique Lores told investors the company would aggressively adopt AI in its development processes and formed a new AI transformation and simplification team reporting directly to him. The team is tasked with redesigning the company’s processes function by function. Lores framed the cuts as removing organisational layers and said AI would extend well beyond coding into customer service, support operations, and risk management.
Microsoft — April-May 2026
The company offered buyouts structured as voluntary separations without disclosing how many employees these would impact. CFO Amy Hood said total headcount declined year-over-year in fiscal Q3 and is expected to keep declining as the company focuses on building high-performing teams that operate with pace and agility amid rising AI investment.
Snap — April 16, 2026
Snap cut roughly 16% of its global workforce, about 1,000 full-time employees, and closed more than 300 open roles. CEO Evan Spiegel cited AI advancements as a key driver. He wrote in a memo filed with the SEC that rapid advancements in artificial intelligence enable teams to reduce repetitive work, increase velocity, and better support the community, partners, and advertisers. The company said it had already seen small squads using AI tools to drive progress across Snapchat+, ad platform performance, and infrastructure efficiency.
IBM — rolling through 2026
Between Q4 2025 cuts and April 2026 Red Hat engineering reductions, estimates range from 3,000 to 9,000 US positions eliminated. This brings IBM’s cumulative total since September 2024 above 15,000. Bloomberg reported IBM plans to triple its US entry-level hiring for AI and hybrid-cloud roles, even as roughly 200 HR positions were replaced by AI agents. An IBM spokesperson described the Q4 2025 round as a routine rebalancing affecting a low single-digit percentage of its global workforce.
Atlassian — March 11, 2026
Atlassian cut about 1,600 jobs, 10% of its workforce, to rebalance toward AI and enterprise sales. Shares rose nearly 2% on the news. CEO Mike Cannon-Brookes said the approach is not AI replaces people, but it would be disingenuous to pretend AI doesn’t change the mix of skills needed or the number of roles required in certain areas. It does.
Dell — January 30 (though disclosed in March 2026)
Dell’s total workforce fell about 10% in fiscal 2026, roughly 11,000 jobs, to about 97,000 employees from 108,000 a year earlier. The company spent $569 million on severance. The cuts came as Dell projected its AI-optimized server revenue could double in fiscal 2027.
Oracle — March 5-31, 2026
Oracle began telling employees it would be cutting thousands of jobs via terminal emails. The cuts came even as Oracle posted $3.7 billion in quarterly net income, up 27% year-over-year, with remaining performance obligations up 325% to $553 billion. Savings were redirected toward AI data centres. The cuts would later total 21,000 over 12 months, as Oracle disclosed in its June 22 annual filing.
Block — February 26-27, 2026
Jack Dorsey’s Block cut 4,000 jobs
