The Israeli tech company Monday.com announced a massive round of layoffs, cutting 620 employees — 20% of its workforce — according to N12 reporter Yuval Shadai.
At 11:04 Jerusalem, N12's Yuval Shadai reported that Monday.com is laying off 620 employees, 20% of its workforce. Shortly after, Shadai added that more than half of those laid off — 350 employees — are in Israel. The report marks the culmination of a rapid sequence of updates this morning.
The first report, at 11:04 Jerusalem, was an unverified account of a major Israeli tech company cutting 20% of its staff. Minutes later, Shadai identified the company as Monday.com and confirmed the 620 layoffs. He then specified that 350 of the affected employees are Israeli. The thread thus progressed from an initial anonymous report to a confirmed company name and a breakdown of the Israeli impact.
The layoffs are the latest in a series of workforce reductions across the Israeli tech sector. As The Zioneer reported on June 29, Elementor laid off 100 employees, 30% of its staff. On June 16, Artlist announced layoffs of roughly 40% of its workforce, citing a shift to an AI-driven model. Additionally, the Central Bureau of Statistics recorded a loss of 15,000 salaried hi-tech workers in May, as The Zioneer reported on June 22.
Monday.com has not issued a public statement beyond the N12 report. The specific reasons for the cuts and the timeline for their implementation have not been disclosed.
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