monday.com Cuts 630 Jobs — 20% of Staff — and Says It Is Abandoning the Seat Model for an AI Work Platform

TechCrunch (corroborated by SEC Form 6-K via StockTitan, Calcalist)·high signal

On July 22 monday.com disclosed via SEC Form 6-K that it is eliminating ~630 of ~3,000 roles, taking a $45–55M charge, in the largest restructuring of its 14-year history. The cuts land in sales, customer success and middle management — exactly the functions that exist to cushion software complexity for buyers — while full-year non-GAAP operating margin guidance rises from 13% to 15% with revenue growth held at 19–20%. The co-CEOs explicitly framed it as 'doing the work with AI and not just managing it,' which is the first time a major work-management vendor has cut a fifth of its workforce as a product-architecture decision rather than a cost cut.