N12: More than half of Monday.com layoffs are Israeli, 350 employees affected

Yuval Shadai (N12) reports that more than half of the employees laid off at Monday.com are Israeli, with 350 Israeli employees expected to be let go. The company had announced earlier today it would cut 620 jobs, or 20% of its workforce.

Yuval Shadai, journalist for N12, reported that more than half of the employees laid off by Monday.com are Israeli. According to the report, 350 Israeli employees are expected to be let go as part of the company's consolidation measures. This follows the earlier announcement by Monday.com that it would cut 20% of its workforce, or 620 employees, as reported by The Zioneer earlier today. The new detail clarifies the impact on the Israeli workforce. The source is a single journalist, and the information has not yet been officially confirmed by the company. The Zioneer rates this as Developing.

5 developments

1. 3 hours 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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• Developing17:10 · 16 JunIsraeli tech firm Artlist to lay off ~40% of staff, citing shift to AI model
• Strong19:53 · 6 JulMicrosoft to lay off nearly 5,000 employees, majority in Xbox unit

Source and signal

• Internal intake