Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments on artificial intelligence projects. The company said it is reducing its workforce by 20%, or about 630 employees, to “support a more agile and focused operating model” while focusing on its AI workplace platform.
Microsoft on Monday cut about 4,800 positions, or 2.1% of its global workforce, the latest in a series of layoffs that fuels fears that AI will replace people in companies. The layoffs will hit Xbox and commercial sales the hardest, as Xbox loses 1,600 employees today, according to memos shared with Microsoft staff. Here’s an
