Monday.com is reportedly seeking to double its CEO compensation to $14 million, according to the business news outlet Mnutakim, just weeks after laying off about 620 employees. The report has drawn criticism over the timing of the pay request.
Monday.com is reportedly seeking to double its CEO compensation to $14 million, according to the business news outlet Mnutakim. The move comes weeks after the company laid off approximately 620 employees.
The Zioneer previously reported (July 22) that Monday.com laid off 630 employees, about 20% of its workforce, in an AI-focused restructuring. The new report has drawn criticism on social media, with users questioning the timing of the pay increase request.
The company has not yet commented publicly on the report. The reported figure of $14 million would represent a substantial increase from the current CEO compensation, which has not been disclosed.
- StrongMonday.com lays off 20% of workforce, 350 in Tel Aviv, in AI-focused restructuring
- DevelopingMonday.com allocates $50 million for Israeli AI startups fund
- StrongReport: Microsoft to lay off thousands of employees next week
- DevelopingOracle reportedly lays off 21,000 employees, 13% of workforce, amid AI deal fallout
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Open-source intake