Episode Details

Monday.com told the SEC on July 22 that it is cutting about 20% of its workforce to align with its 'strategic focus on the AI Work Platform' and an 'AI-driven growth strategy.' In a memo the same day, co-CEO Eran Zinman told the roughly 620 departing employees the decision 'was not made to reduce costs or replace people with AI.' Both statements are true, and that is the story: the jobs went away because of a bet on AI, not because AI did the work.

Continue the story on unscarcity.ai:

• AI Layoffs 2025-2030: AI Now #1 Reason for US Job Cuts
• When Does Post-Scarcity Arrive? Realistic Timeline 2026-2060

Full episode notes on unscarcity.ai