I recently learned that Monday.com is laying off about 20% of its workforce, which translates to roughly 630 employees. This decision is part of their shift towards an AI-first strategy, aiming to create a leaner organization while accelerating investment in their AI Work Platform. It's a tough situation, but they mentioned that this restructuring isn't just about cutting costs. Interestingly, despite the layoffs, Monday.com plans to continue hiring for strategic AI-focused roles, which might indicate a demand for specific skills in the software industry.