Monday.com, the Tel Aviv-based work administration software program firm identified for its colourful, customizable project-tracking boards, this week grew to become the newest tech firm to quote AI as a consider job cuts. On Wednesday, the corporate mentioned in an SEC filing that it’ll lay off about 20% of its workforce, or simply over 600 staff, as a part of a “restructuring plan” tied to its “ongoing transformation of its product, advertising, and go-to-market technique” in assist of “a leaner, extra targeted working mannequin” because it continues investing in its “AI-driven development technique.”
Co-founder Eran Zinman informed staff in a LinkedIn memo that the transfer “was not made to scale back prices or change folks with AI,” positioning it as a substitute as adapting the group to a brand new AI-first imaginative and prescient the corporate laid out roughly a 12 months in the past when it rebranded round a platform-wide AI push. Monday.com, which has two places of work within the U.S., expects $45 million to $55 million in internet restructuring expenses however nonetheless initiatives as much as 20% year-over-year income development for 2026.
To date, in response to new Monetary Instances analysis, U.S. tech firms have slashed practically 140,000 jobs for the reason that begin of this 12 months, with Amazon, Oracle, Meta, and Microsoft alone accounting for nearly 50,000 of these cuts as they funnel tons of of billions of {dollars} into AI information heart buildouts. Apparently, the FT additionally discovered that firms citing AI as a consider job cuts have underperformed the Nasdaq by nearly 10% within the 30 buying and selling days following their bulletins, suggesting the market doesn’t fully purchase the tales that the businesses are telling.
Nonetheless, the image isn’t uniformly bleak. The FT notes that AI-focused firms like Anthropic and OpenAI are hiring quickly, absorbing a few of the expertise shed elsewhere within the business. And inside a few of the very firms making cuts, headcount is shifting reasonably than disappearing fully. Meta, for example, earlier this 12 months moved roughly 7,000 staff into new AI-focused roles even because it laid off 8,000 others, and IBM says it’s tripling entry-level hiring for AI and hybrid-cloud roles alongside current cuts.
Under is a operating look — in reverse chronological order — on the greater tech firms which have introduced important layoffs this 12 months with AI as a acknowledged issue.
Microsoft — July 9, 2026. Microsoft lower about 4,800 roles, or 2.1% of its world workforce, most of them in its Xbox gaming unit, resetting the enterprise solely three years after buying Activision Blizzard for $75 billion, per the FT. Individually, it supplied buyouts structured as voluntary separations, with out disclosing what number of staff these would affect. The corporate mentioned the position eliminations have been “not being changed by AI” however acknowledged “AI is altering how work will get achieved.” CFO Amy Hood mentioned complete headcount declined year-over-year in fiscal Q3, and was anticipated to maintain declining as the corporate focuses on “constructing high-performing groups that function with tempo and agility” amid rising AI funding.
Oracle — June 22, 2026. Oracle disclosed in late June that it had lowered its workforce by 21,000 staff over the previous 12 months, a decline of 13%, which implies extra cuts than was beforehand identified, together with due to AI. “The adoption and deployment of AI applied sciences throughout our operations have resulted, and will proceed to consequence, in reductions to our workforce,” the corporate mentioned in an annual financial regulatory filing.
GitLab — June 3, 2026. GitLab laid off roughly 350 staff, about 14% of its staff, to fund AI infrastructure funding and deal with surging visitors from AI workflows. CEO Invoice Staples mentioned agentic workloads are “pushing rivals to the brink” and that the corporate had begun a “generational rebuild” of its core infrastructure to assist what he known as 100x development necessities. GitLab is exiting 22 international locations, flattening administration layers, and partnering with an unspecified AI lab to rebuild its platform for agent-scale workloads. The corporate reported first-quarter income of $264 million, up 23% year-over-year, and expects to incur $30 to $35 million in restructuring prices.
Google — ongoing by Might. Alphabet’s Google has quietly cut staff throughout its Cloud division, together with its Menace Intelligence Group and Mandiant-linked cybersecurity employees, at the same time as Cloud income grew 63% to exceed $20 billion for the primary time and its backlog practically doubled to over $460 billion. Over the previous 12 months, Google has lower greater than a 3rd of the managers overseeing small groups — 35% fewer managers with fewer direct stories. In contrast to most firms on this listing, Google has by no means introduced a single general quantity — the cuts have come by a rolling efficiency overview course of, a voluntary buyout program, and structural reorganizations, with outdoors estimates placing the 2026 complete at between 1,500 and three,000+ engineers.
Intuit — Might 20, 2026. Intuit introduced plans to eradicate roughly 3,000 jobs — about 17% of its complete workforce — in a restructuring centered on decreasing complexity and reallocating assets towards AI. CEO Sasan Goodarzi reportedly informed employees the corporate is decreasing complexity and simplifying the construction so it could possibly ship higher merchandise.
Meta — Might 20-21, 2026. Meta laid off about 8,000 staff, roughly 10% of its workforce, whereas shifting about 7,000 staff into new AI-focused roles (that they reportedly hate). CEO Mark Zuckerberg informed employees the cuts have been essential as a result of “success isn’t a given” in AI.
Cisco — Might 14, 2026. Cisco introduced it’s slicing practically 4,000 jobs, about 5% of its workforce, regardless of reporting better-than-expected revenue and income. CFO Mark Patterson said: “This was actually not a savings-driven restructure… that is extra [about] realigning … assets round silicon, optics, safety and AI.”
Cloudflare — Might 7-8, 2026. Cloudflare lower about 20% of its workforce (1,100 folks), reporting quarterly income of $639.8 million, up 34% year-over-year and the highest single quarter in firm historical past. CEO Matthew Prince wrote that “the overwhelming majority of these we laid off final week have been measurers” — center administration, finance, authorized, inside auditing, and income recognition.
Common Motors — Might 12, 2026. GM eradicated 500 to 600 jobs, largely in IT roles in Austin, Texas, and Warren, Michigan, saying it was reevaluating its workforce wants amid unsure market circumstances. An individual aware of the cuts informed CNBC that AI played a role in the decision however that it wasn’t the one motive. GM’s assertion mentioned it was “remodeling its Info Know-how group to raised place the corporate for the longer term.” Regardless of the cuts, the corporate nonetheless had roughly 80 open IT positions, together with roles in AI, motorsports, and autonomous automobiles.
Coinbase — Might 5, 2026. The crypto alternate mentioned it was slicing about 700 staff, or 14% of its employees, as a part of a restructuring aimed toward addressing market volatility and growing AI effectivity. The corporate flattened its organizational construction to 5 layers under the CEO and COO, and mentioned it will experiment with “one-person groups” combining engineering, design, and product roles. CEO Brian Armstrong wrote that AI had modified the tempo of labor dramatically — “engineers use AI to ship in days what used to take a team weeks” — and that the corporate wanted to “leverage AI throughout each aspect of our jobs.”
PayPal — Might 5, 2026. PayPal introduced plans to chop round 20% of its workforce over the subsequent two to a few years — north of 4,500 jobs — as a part of a turnaround technique centered on AI adoption and organizational simplification. CEO Enrique Lores informed buyers the corporate would “aggressively undertake AI” in its improvement processes and fashioned a brand new “AI transformation and simplification” staff reporting on to him, tasked with redesigning the corporate’s processes “operate by operate.” Lores framed the cuts as eradicating organizational layers, and mentioned AI would prolong properly past coding into customer support, assist operations, and danger administration.
Microsoft — April-Might 2026. Microsoft supplied buyouts structured as voluntary separations, with out disclosing what number of staff these would affect. CFO Amy Hood mentioned complete headcount declined year-over-year in fiscal Q3, and is predicted to maintain declining as the corporate focuses on “constructing high-performing groups that function with tempo and agility” amid rising AI investment.
Snap — April 16, 2026. Snap lower roughly 16% of its global workforce — about 1,000 full-time staff — and closed greater than 300 open roles, with CEO Evan Spiegel citing AI developments as a key driver. “Speedy developments in synthetic intelligence allow our groups to scale back repetitive work, improve velocity, and higher assist our neighborhood, companions, and advertisers,” Spiegel wrote in a memo filed with the SEC. The corporate mentioned it had already seen small squads utilizing AI instruments to drive progress throughout Snapchat+, advert platform efficiency, and infrastructure effectivity.
IBM — rolling by 2026. Between This autumn 2025 cuts and April 2026 Purple Hat engineering reductions, estimates vary from 3,000 to 9,000 U.S. positions eradicated, bringing IBM’s cumulative complete since September 2024 above 15,000. Bloomberg reported IBM plans to triple its U.S. entry-level hiring for AI and hybrid-cloud roles, at the same time as roughly 200 HR positions have been changed by AI brokers. An IBM spokesperson described the This autumn 2025 spherical as a routine rebalancing affecting “a low single-digit proportion” of its world workforce.
Atlassian — March 11, 2026. Atlassian lower about 1,600 jobs (10% of its workforce) to “rebalance” towards AI and enterprise gross sales, at the same time as shares rose practically 2% on the information. CEO Mike Cannon-Brookes mentioned: “Our method isn’t ‘AI replaces folks.’ However it will be disingenuous to fake AI doesn’t change the combination of abilities we’d like or the variety of roles required in sure areas. It does.”
Dell — January 30 (although disclosed in March 2026). Dell’s complete workforce fell about 10% in fiscal 2026 — roughly 11,000 jobs — to about 97,000 staff from 108,000 a 12 months earlier, with $569 million spent on severance. The cuts got here as Dell projected its AI-optimized server income might double in fiscal 2027.
Oracle — March 5-31, 2026. As famous above, Oracle started telling staff it will be slicing hundreds of jobs via terminal emails. The cuts got here at the same time as Oracle posted $3.7 billion in quarterly internet earnings, up 27% year-over-year, with remaining efficiency obligations up 325% to $553 billion — financial savings redirected towards AI information facilities. The cuts that will later complete 21,000 over 12 months, as Oracle disclosed in its June 22 annual submitting.
Block — February 26-27, 2026. Jack Dorsey’s Block lower 4,000 jobs — practically half its workforce, all the way down to underneath 6,000 from over 10,000. Dorsey wrote on X: “We’re already seeing that the intelligence instruments we’re creating and utilizing, paired with smaller and flatter groups, are enabling a brand new method of working which essentially modifications what it means to construct and run an organization.” He added: “I feel most firms are late. Inside the subsequent 12 months, I consider nearly all of firms will attain the identical conclusion and make similar structural changes.”
Salesforce — February 10, 2026. Salesforce laid off fewer than 1,000 staff throughout advertising, product administration, information analytics, and its Agentforce AI unit. The corporate told Fortune, “Due to the advantages and efficiencies of Agentforce, we’ve seen the variety of assist circumstances we deal with decline and we not must actively backfill assist engineer roles.” This adopted an earlier lower of about 4,000 customer-support roles, shrinking that staff from roughly 9,000 to five,000, with CEO Marc Benioff saying the corporate wanted “much less heads” as a result of AI brokers deal with the work.
Amazon — January 28, 2026. Amazon lower 16,000 corporate jobs, following 14,000 cuts in October 2025 — about 9% of its company workforce in three months. The corporate mentioned it was a part of “strengthen[ing] our group by decreasing layers, growing possession, and eradicating forms.” CEO Andy Jassy had mentioned in June 2025 that, “As we roll out extra generative AI and brokers, it ought to change the best way our work is finished. We’ll want fewer folks doing a few of the jobs which might be being achieved immediately… within the subsequent few years, we count on that this can scale back our complete company workforce as we get effectivity good points from utilizing AI extensively throughout the corporate.”
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