Tel Aviv-based work management software firm Monday.com has joined a lengthening list of technology companies pointing to artificial intelligence as a driving factor behind significant workforce reductions. The company, widely recognized for its customizable, visually oriented project-tracking platform, announced mid-week that it would cut approximately 20% of its global staff - just over 600 positions - as part of a formal restructuring plan outlined in a filing with the U.S. Securities and Exchange Commission.

According to the filing, the reductions are tied to an "ongoing transformation" of Monday.com's product, marketing, and go-to-market operations, aimed at building what the company describes as a "leaner, more focused operating model" in service of an "AI-driven growth strategy." The company anticipates net restructuring charges of between $45 million and $55 million, yet still projects year-over-year revenue growth of up to 20% for 2026.

Co-founder Eran Zinman addressed employees directly through a memo published on LinkedIn, taking care to frame the decision not as a cost-cutting measure or a substitution of workers with AI tools. Instead, Zinman described the restructuring as an organizational realignment around an AI-first vision the company began pursuing roughly a year ago, when it rebranded its platform around a broad artificial intelligence push. Monday.com operates two offices in the United States in addition to its Israeli headquarters.

A Sector-Wide Pattern

Monday.com's announcement fits into a much larger trend sweeping the technology industry. A recent analysis by the Financial Times found that U.S. tech companies have eliminated nearly 140,000 jobs since the beginning of this year alone. Amazon, Oracle, Meta, and Microsoft together account for close to 50,000 of those cuts, even as those same companies channel hundreds of billions of dollars into building out AI data center infrastructure.

The FT analysis also surfaced a notable market signal: companies that have cited AI as a reason for layoffs have, on average, underperformed the Nasdaq by nearly 10% in the 30 trading days following their announcements. That data point suggests investors are not uniformly convinced by the AI-transformation narratives these companies are presenting to justify their workforce reductions.

The picture is not entirely negative, however. AI-native companies such as Anthropic and OpenAI are actively expanding their headcounts, absorbing a portion of the experienced talent being displaced elsewhere in the industry. And within some of the companies making cuts, roles are shifting rather than simply disappearing. Meta, for example, reassigned roughly 7,000 employees into newly created AI-focused positions even as it eliminated 8,000 others. IBM, meanwhile, says it is tripling entry-level hiring for AI and hybrid-cloud roles alongside its own recent reductions.

What follows is a comprehensive, reverse-chronological account of the major technology companies that have announced significant layoffs this year with artificial intelligence cited as a stated contributing factor.

Microsoft - July 9, 2026

Microsoft eliminated approximately 4,800 roles, representing 2.1% of its global workforce. The bulk of the cuts landed within its Xbox gaming division, marking a significant reset of that business just three years after the company completed its $75 billion acquisition of Activision Blizzard. In addition to the direct eliminations, Microsoft offered voluntary separation packages to an undisclosed number of additional employees.

The company stated that the eliminated roles were "not being replaced by AI," while simultaneously acknowledging that "AI is changing how work gets done." Chief Financial Officer Amy Hood confirmed that total headcount declined year-over-year during fiscal third quarter and was expected to continue declining as the company pursues what it describes as "high-performing teams that operate with pace and agility" in an environment of rising AI investment.

Oracle - June 22, 2026

Oracle disclosed in its annual financial regulatory filing that it had reduced its global workforce by 21,000 employees over the preceding 12 months - a decline of 13%. The scale of the reductions was larger than previously known. The company explicitly connected AI adoption to the cuts, stating: "The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce."

GitLab - June 3, 2026

Developer platform company GitLab laid off approximately 350 workers, representing about 14% of its total staff. The company said the reductions were necessary to fund AI infrastructure investment and to handle rapidly growing traffic generated by AI-driven workflows. CEO Bill Staples described agentic workloads as "pushing competitors to the brink" and characterized the company's response as a "generational rebuild" of its core infrastructure to support what he termed 100x growth requirements.

As part of the restructuring, GitLab is withdrawing from 22 countries, flattening management layers, and partnering with an unnamed AI laboratory to rebuild its platform for agent-scale workloads. The company reported first-quarter revenue of $264 million, a 23% year-over-year increase, and expects to incur between $30 million and $35 million in restructuring costs.

Google - Ongoing Through May 2026

Alphabet's Google has carried out a series of quiet workforce reductions across its Cloud division, including within its Threat Intelligence Group and among cybersecurity staff previously associated with Mandiant. The cuts came even as Cloud revenue grew 63%, surpassing $20 billion for the first time, and the division's backlog nearly doubled to over $460 billion.

Over the past year, Google has reduced the number of managers overseeing small teams by 35%. Unlike most companies on this list, Google has not issued a single consolidated announcement. Instead, reductions have come through rolling performance review processes, a voluntary buyout program, and structural reorganizations. Outside estimates place the 2026 total at somewhere between 1,500 and more than 3,000 engineers.

Intuit - May 20, 2026

Financial software company Intuit announced plans to eliminate roughly 3,000 jobs, approximately 17% of its total workforce, through a restructuring focused on reducing organizational complexity and reallocating resources toward artificial intelligence. CEO Sasan Goodarzi reportedly communicated to staff that the company was simplifying its structure to improve product delivery.

Meta - May 20-21, 2026

Meta laid off approximately 8,000 employees, roughly 10% of its workforce, while simultaneously shifting around 7,000 other employees into newly created AI-focused roles - positions that, according to reports, many of those reassigned workers have expressed dissatisfaction with. CEO Mark Zuckerberg told staff that the cuts were necessary because "success isn't a given" in the competitive AI landscape.

Cisco - May 14, 2026

Networking and enterprise technology company Cisco announced the elimination of nearly 4,000 jobs, approximately 5% of its workforce, despite reporting better-than-expected earnings and revenue for the period. CFO Mark Patterson was direct in describing the rationale: "This was really not a savings-driven restructure - this is more about realigning resources around silicon, optics, security and AI."

Cloudflare - May 7-8, 2026

Internet infrastructure company Cloudflare cut approximately 20% of its workforce - around 1,100 people - even as it reported quarterly revenue of $639.8 million, a 34% year-over-year increase and the highest single-quarter figure in the company's history. CEO Matthew Prince explained in a public statement that the majority of those let go were "measurers" - a category he used to describe middle management, finance, legal, internal auditing, and revenue recognition personnel.

General Motors - May 12, 2026

General Motors eliminated between 500 and 600 positions, primarily in information technology roles based in Austin, Texas, and Warren, Michigan. The company cited a reassessment of its workforce needs in the context of uncertain market conditions. A person familiar with the situation told CNBC that AI played a role in the decision, though it was not the sole factor. GM's official statement described the action as part of transforming its IT organization to better position the company for the future. Despite the reductions, GM still had approximately 80 open IT positions at the time, including roles in AI, motorsports, and autonomous vehicles.

Coinbase - May 5, 2026

Cryptocurrency exchange Coinbase announced the elimination of roughly 700 employees, about 14% of its staff, as part of a restructuring aimed at addressing market volatility and improving operational efficiency through AI. The company flattened its organizational structure to five layers below the CEO and COO and said it would begin experimenting with "one-person teams" that combine engineering, design, and product responsibilities within a single role.

CEO Brian Armstrong wrote that AI had fundamentally altered the pace of work, noting that "engineers use AI to ship in days what used to take a team weeks," and that the company needed to leverage AI tools across every aspect of its operations.

PayPal - May 5, 2026

Digital payments company PayPal announced a plan to reduce its workforce by approximately 20% over the next two to three years - more than 4,500 positions - as part of a broader turnaround strategy centered on AI adoption and organizational simplification. CEO Enrique Lores told investors the company would "aggressively adopt AI" throughout its development processes and created a new internal team dedicated to "AI transformation and simplification," reporting directly to him and tasked with redesigning company processes function by function.

Lores described the cuts as the removal of organizational layers and indicated that AI's role would extend well beyond software development into customer service, support operations, and risk management.

Microsoft - April-May 2026

Ahead of its larger July announcement, Microsoft had already begun offering voluntary separation packages to employees during the April-May period. The company did not disclose how many workers accepted those offers. CFO Amy Hood confirmed at the time that headcount had declined year-over-year during fiscal third quarter and was expected to continue falling as Microsoft shifted focus toward building leaner, faster-moving teams in the context of growing AI investment.

Snap - April 16, 2026

Social media company Snap cut roughly 16% of its global workforce - approximately 1,000 full-time employees - and closed more than 300 open roles. CEO Evan Spiegel cited advances in artificial intelligence as a key driver of the decision, writing in a memo filed with the SEC: "Rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers." The company said it had already observed small teams using AI tools to accelerate progress across Snapchat+, its advertising platform, and infrastructure efficiency initiatives.

IBM - Rolling Through 2026

Technology and consulting firm IBM has carried out a series of workforce reductions across multiple rounds. Combining fourth-quarter 2025 cuts with April 2026 reductions in its Red Hat engineering division, outside estimates place the total number of U.S. positions eliminated at between 3,000 and 9,000, bringing IBM's cumulative total since September 2024 to more than 15,000.

Bloomberg reported that IBM plans to triple its U.S. entry-level hiring for AI and hybrid-cloud roles. Separately, the company confirmed that approximately 200 human resources positions had been replaced by AI agents. An IBM spokesperson characterized the fourth-quarter 2025 round as a routine rebalancing affecting "a low single-digit percentage" of its global workforce.

Atlassian - March 11, 2026

Enterprise software company Atlassian cut approximately 1,600 jobs, representing 10% of its workforce, in a move described as a rebalancing toward AI capabilities and enterprise sales. Shares rose nearly 2% on the day of the announcement. CEO Mike Cannon-Brookes addressed the AI dimension directly: "Our approach is not 'AI replaces people.' But it would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas. It does."

Dell - January 30, 2026 (Disclosed March 2026)

Dell Technologies saw its total workforce shrink by approximately 10% over fiscal 2026 - around 11,000 jobs - bringing headcount down to roughly 97,000 from 108,000 the prior year. The company spent $569 million on severance during the period. The reductions coincided with Dell projecting that revenue from its AI-optimized server business could double in fiscal 2027.

Oracle - March 5-31, 2026

Prior to its June annual filing disclosure, Oracle began notifying employees of job eliminations in March, with reports indicating that some workers received termination notices via automated email messages. The cuts came even as Oracle posted quarterly net income of $3.7 billion, a 27% year-over-year increase, with remaining performance obligations up 325% to $553 billion. The savings generated were described as being redirected toward AI data center construction. These March reductions would ultimately be counted within the 21,000 total Oracle disclosed in its June 22 annual filing.

Block - February 26-27, 2026

Jack Dorsey's financial technology company Block announced the elimination of 4,000 jobs - nearly half of its total workforce - reducing headcount from over 10,000 to under 6,000. Dorsey posted on X to explain the decision, writing: "We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company."

Dorsey also offered a broader prediction about the industry: "I think most companies are late. Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes."

Salesforce - February 10, 2026

Enterprise software company Salesforce laid off fewer than 1,000 employees across marketing, product management, data analytics, and its Agentforce AI division. The company explained to media outlets that AI-driven efficiencies had reduced the volume of support cases requiring human handling, making it unnecessary to backfill support engineering roles. This followed an earlier round in which approximately 4,000 customer-support positions were eliminated, shrinking that team from roughly 9,000 to 5,000. CEO Marc Benioff stated plainly that the company required fewer people because AI agents were handling the work.

Amazon - January 28, 2026

Amazon cut 16,000 corporate jobs in January, following 14,000 corporate-level cuts in October 2025 - a combined reduction of approximately 9% of its corporate workforce in the span of three months. The company described the action as part of an effort to "strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy."

The cuts followed a June 2025 statement by CEO Andy Jassy, in which he laid out the long-term rationale directly: "As we roll out more generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today - in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company."