monday.com's 20% cut puts 21 companies on the running list of layoffs where employers cited AI

A 25 July 2026 running list counts 21 major tech companies whose 2026 workforce reductions came with AI named in the explanation. monday.com is the newest: about 600 roles, a fifth of staff, which co-founder Eran Zinman framed as an "AI-first vision" and explicitly "not made to reduce costs or replace people with AI," against $45-55 million in restructuring charges and a still-guided 20% year-over-year revenue growth for 2026. The list also carries Amazon (16,000 corporate roles in January), Oracle (21,000 over twelve months), Meta (8,000, with 7,000 shifted into AI roles), PayPal (4,500+), Microsoft (4,800) and Block (~4,000, near half its workforce). US tech companies cut close to 140,000 jobs in 2026 overall, and the report notes firms citing AI underperformed the Nasdaq by roughly 10% after announcing.

What it means "AI" is doing double duty in these announcements — a real reorganisation in some, cover for a correction in others — and the market reaction suggests investors are already discounting the difference.