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Monday.com Cuts 620 Jobs for an 'AI-Driven Growth Strategy,' Then Says the Layoffs Weren't About Replacing People With AI
Monday.com told the SEC on July 22 that it is cutting about 20% of its workforce to align with its 'strategic focus on the AI Work Platform' and an 'AI-driven growth strategy.' In a memo the same day, co-CEO Eran Zinman told the roughly 620 departing employees the decision 'was not made to reduce costs or replace people with AI.' Both statements are true, and that is the story: the jobs went away because of a bet on AI, not because AI did the work.
Continue the story on unscarcity.ai:
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