Layoffs and AI agents lift monday.com 80% since April - Globes
Israel Business News
Monday.com's stock surged 81.1% since April following the launch of a voice-based AI agent platform and a 20% workforce reduction aimed at focusing on AI-driven products. The company's share price rose 6.4% on Friday, reaching a market cap of $4.5 billion, despite earlier concerns about AI's impact on its business. Analysts expect strong third-quarter financial results with revenue growth and increased non-GAAP earnings per share.
All articles from 26 October 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.