Monday.com lays off 630 employees, more than half in Israel

The Israeli tech company Monday.com is laying off 630 employees, with more than half of the cuts affecting its workforce in Israel, according to reports.

The number of employees laid off by Monday.com has been revised upward to 630, with more than half of the cuts affecting the company's Israeli workforce, according to reports. The figure represents an increase from the 620 employees confirmed earlier today by the company. The Israeli portion of the new total has not been specified, but earlier reports indicated 350 Israeli employees were among the first round of 620.

The Zioneer first reported on the layoffs at 11:04 Jerusalem on Wednesday, citing an unverified report of a major Israeli tech company cutting 20% of its workforce. Within minutes, N12 reporter Yuval Shadai confirmed that Monday.com was laying off 620 employees, or 20% of its workforce. Shortly thereafter, Shadai reported that 350 of those affected were Israeli employees. The company's own confirmation of the 620 figure followed. The thread has now been updated with a higher total of 630, though the source of the new figure is not yet clear.

The layoffs come amid a broader wave of job cuts in the tech industry. The Zioneer has reported on significant layoffs at Microsoft, including cuts of 1,600 employees in its Xbox division and plans for nearly 5,000 jobs overall, as well as dozens of layoffs at Dell Israel. Monday.com, a major Israeli tech company, had not previously announced such a large reduction in its workforce.

The company has not yet commented on the revised total of 630 layoffs. The specific reasons for the layoffs have not been disclosed, and it is unclear whether the increase from 620 to 630 reflects additional cuts or a reclassification of positions. The exact number of Israeli employees affected in the new figure is also unconfirmed.

5 developments

1. 1 hour ago · 13:06 · 22 JulLatest

   350 employees in Tel Aviv are affected by the layoffs.

2. 12:09 · 22 Jul

   Total layoffs revised to 630; over half are in Israel.

3. 11:14 · 22 Jul

   Total of 620 employees, 20% of workforce, to be laid off.

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Source and signal

• Internal intake