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Growth and Headcount Just Came Unbolted
Two software companies on opposite sides of the world have now done the same strange thing to themselves, and the reason they gave is not the one anyone expected.
On July 22, monday.com, the Israeli work-management company listed in New York, filed notice of a roughly twenty percent workforce reduction, about 620 people, with restructuring charges of forty-five to fifty-five million US dollars. In the same breath it reaffirmed full-year revenue guidance of about 1.47 billion US dollars and nineteen to twenty percent growth. Grow twenty percent, shrink twenty percent, same announcement.
Co-CEO…
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