Over 20 Major Tech Companies Have Cited AI in Layoffs This Year, With Nearly 140,000 U.S. Tech Jobs Cut
Monday.com said it will lay off ~600 employees (~20%) in July 2026, citing an AI-driven growth strategy and projecting $45M–$55M in restructuring charges. It still forecasts up to 20% YoY revenue growth, as >20 U.S. tech firms cut nearly 140,000 jobs this year.