Monday.com is the latest tech company to blame AI for layoffs, here are 20 others
A running look — in reverse chronological order — at the bigger tech companies that have announced significant layoffs this year with AI as a stated factor.
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Monday.com, a work management software company, laid off about 20% of its workforce as part of a restructuring tied to an AI-driven growth strategy. The company is part of a broader pattern in the tech industry, where U.S. tech companies have cut nearly 140,000 jobs since the start of the year, with many citing AI as a factor in their decisions. According to financial analysis, companies announcing AI-related layoffs have underperformed the market by almost 10% in the month following their announcements, suggesting investors may be skeptical of these justifications. However, some AI-focused companies are hiring rapidly, and within some companies making cuts, employees are shifting into new AI-focused roles rather than being eliminated entirely.
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