monday.com’s 81% rebound puts AI strategy and 620 layoffs in focus

Earlier in 2026, Israeli work-management software company monday.com announced about 620 layoffs—20% of its workforce, or roughly one in five jobs. By Friday, its Nasdaq shares had risen 6.4% to cap a 17.9% weekly gain, according to Globes’ October 25, 2026 report.

The stock has climbed 81.1% from its April low, but that rebound does not restore its earlier valuation. Its $4.5 billion market capitalization remains far below the peak above $19 billion reached in 2021.

Cofounders Roy Mann and Eran Zinman serve as co-CEOs. monday.com’s shares have consolidated above $100, a level they briefly crossed in August before weakening again.

What changed inside monday.com?

The sharper phase of the recovery came after three company developments:

• Earlier in 2026, monday.com announced the 20% workforce reduction to remove management layers and redirect resources toward AI-based products.
• At the same time, the company shifted its platform from managing work to executing work through AI agents, a change it also reflected in its pricing model.
• Last week, monday.com launched a platform for voice-based AI agents that, according to the company, can conduct conversations and close sales deals.

For an individual candidate, this is a company-specific signal, not a broad tech hiring boom: monday.com’s stated priority is AI-agent product execution over management expansion. The report names no open roles, job-posting count or hiring timetable, so candidates cannot treat the stock move as evidence that related vacancies are available.

Put simply, monday.com is trading management capacity for software that can act.

How does AI create both an opportunity and a risk?

monday.com provides work-management software and remains potentially vulnerable to AI developments, Globes said. Earlier this year, its stock plummeted during the so-called “SaaS apocalypse,” the selloff affecting cloud-based software-as-a-service companies. Those stocks, including monday.com, have since recovered only part of their decline.

That tension explains why the latest rally can be substantial without settling the business case. Agents that perform work can create a new market for monday.com’s platform, while raising a question of whether basic work-tracking tools lose value if agents perform the work.

The source does not quantify customer adoption, revenue from agents or margin effects, so the 81.1% rebound reflects stronger market expectation, not measured proof of an AI advantage.

Put simply, AI gives monday.com a growth route and a disruption risk at once.

What will the November 9 results show?

monday.com is scheduled to release its third-quarter results on November 9. Analysts cited by Globes expect revenue to grow 16.5% to $369 million and non-GAAP earnings per share to rise 18.1% to $1.37.

Globes presents those figures as analyst estimates and does not provide company guidance or a hiring forecast. Meeting the estimates would give the AI-agent transition a financial benchmark; missing them would test how much of the recent stock recovery rests on investor optimism. Neither outcome alone would establish a national or global hiring trend, because the evidence covers one Israeli company’s restructuring and strategy.

Put simply, November 9 will test whether the rally reflects operating progress or mostly expectation.

The next checkpoint is Nov. 9: if monday.com meets the revenue and earnings forecasts, investors will have more evidence for its AI-agent reset; for workers, actual headcount and job-posting data—not the share price—will be the better measure of hiring demand.