Monday.com co-founder Eran Zinman denied that the company's decision to cut about 20% of its workforce, just over 600 people, was meant to replace people with AI, TechCrunch reported on July 25. The company disclosed the cut in an SEC filing and tied it to a restructuring linked to its AI-driven growth strategy.
The statement sits in a pattern of executives separating restructuring from replacement. Whether the distinction holds is a question outside observers, including Oxford Economics, have raised about AI-linked layoffs more generally.
Source: TechCrunch