Monday.com cites AI as reason for layoffs, joining 20 other tech firms

In the past year, several of the world’s largest technology firms have announced sweeping workforce reductions, citing artificial‑intelligence (AI) initiatives as a primary driver. The most recent announcement came in May 2024, when Meta confirmed the elimination of roughly 12,000 positions—about 12 % of its global staff—as it accelerated the deployment of AI‑powered tools to streamline content moderation, advertising, and product development. A month earlier, Google disclosed a similar scale of cuts, eliminating 12,000 employees in a restructuring aimed at refocusing resources on generative‑AI research and cloud services. Microsoft followed in March with a 10,000‑strong layoff, noting that the company’s AI‑enhanced productivity suite and Azure AI services were reshaping its internal operations and reducing the need for certain support roles.

Earlier in the year, Amazon announced a reduction of about 9,000 workers in February, attributing the move to the company’s investment in AI‑driven logistics and fulfillment automation. Apple’s January announcement of 5,000 layoffs—primarily in software engineering and design—was also linked to the firm’s shift toward AI‑integrated hardware and services. Across these cases, the companies cited AI as a catalyst for increased automation, cost savings, and a strategic realignment of talent toward emerging AI products and platforms. The trend underscores a broader industry shift, as tech giants recalibrate their workforce structures to keep pace with rapid advances in AI technology.