monday.com Initiates Restructuring Plan With About 20% Workforce Reduction - Filing - MNDY News | Ralliesmonday.com Initiates Restructuring Plan With About 20% Workforce Reduction - Filing
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MNDY• Updated outlook
- monday.com Ltd outlook for FY revenue growth is 19%-20%.
- The company expects FY non-GAAP operating margin of about 15%.
Restructuring plan and workforce reduction
- monday.com Ltd said it initiates a restructuring plan with about 20% workforce reduction, according to a filing.
- The company said the reduction is approximately 20% of the company's current workforce.
- It estimates $45-55 million in net charges from the restructuring plan.
- The company said the majority of these charges are expected to be recognized in, and the plan substantially completed by H2 2026.
