monday.com has begun a restructuring that will cut about 20% of its current workforce, according to a company filing submitted to the US Securities and Exchange Commission on 22 July.
The company is reorganising around its AI Work Platform. It nevertheless plans to continue hiring in key strategic areas during 2026.
Net charges are estimated at $45–55 million. They include $30–35 million for severance and benefits, another $30–35 million for impairments on part of its office footprint, and about $15 million in reversed non-cash share-based compensation adjustments.
monday.com expects to recognise most of the charges in the second half of 2026. The principal restructuring measures are also expected to be completed by the end of that period.
The company kept its revenue forecast unchanged. At the same time, it raised its expected non-GAAP operating margin from about 13% to 15%.
The official filing does not give an absolute number of job losses. The scale of the change is therefore reported as a share of the workforce rather than a specific headcount.
