--- title: "The AI Pivot Pain: Inside monday.com's Layoffs and the Broader Strategic Overhauls" type: "News" locale: "en" url: "https://longbridge.com/en/news/293729945.md" description: "The AI-driven restructuring wave is reshaping the tech and enterprise sectors. While monday.com and Snap are executing massive layoffs to adapt to automated architectures, companies like Descartes and VCI Global are aggressively expanding through multimillion-dollar acquisitions and infrastructure investments." datetime: "2026-07-24T09:13:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293729945.md) - [en](https://longbridge.com/en/news/293729945.md) - [zh-HK](https://longbridge.com/zh-HK/news/293729945.md) --- # The AI Pivot Pain: Inside monday.com's Layoffs and the Broader Strategic Overhauls I'm told that the strategic restructuring across the technology and enterprise service sectors is entering a new phase. The AI-driven business pivot is no longer just a buzzword, but has morphed into tangible divestitures, acquisitions, and layoffs. A flurry of cross-industry moves this week suggests that companies are scrambling to reposition themselves before the next earnings season. ### MONDAY.COM LTD (MNDY.US) and SNAP INC (SNAP.US): The Pain of AI Reorganization According to people familiar with the matter, MONDAY.COM LTD (MNDY.US) announced a restructuring plan this week involving about 620 employees, or a 20% headcount reduction, as a core step in its transition to an AI work platform. The company expects to recognize most of the related charges in the second half of 2026. This echoes the decision made by SNAP INC (SNAP.US) CEO Evan Spiegel in April, who cut around 1,000 jobs citing the "rapid advancement of AI." The moves by both companies send a unified signal: short-term pain is deemed necessary to adapt to a flatter, AI-agent-centric organizational structure, though monday.com still maintained its full-year revenue growth forecast of 19% to 20%. ### VCI Global Ltd (VCIG.US) and DESCARTES SYSTEMS GROUP INC (DSGX.US): Bridging the Gap with New Launches and M&A While some companies are downsizing, others are accelerating their expansion. I'm told that after a strategic divestiture, the diversified holding company VCI Global Ltd (VCIG.US) has officially launched the VGAIN Cloud, a sovereign AI cloud platform, with an initial investment of USD 6M in high-end GPU deployment. Meanwhile, the global logistics software provider DESCARTES SYSTEMS GROUP INC (DSGX.US) announced the acquisition of Latin American delivery platform Drivin for USD 30M in cash. The core objective of this deal, I'm told, is to acquire Drivin's machine learning and agent AI route optimization technologies. Descartes already posted a robust 34% year-over-year increase in net income for its previous quarter. ### MAREX GROUP PLC (MRX.US) and MICWARE (MWC.US): Cross-Market Global Expansion Players in the financial and automotive software spaces aren't slowing down either. After completing its redomiciliation to Bermuda, the global financial services platform MAREX GROUP PLC (MRX.US) quickly agreed to acquire the Singapore-based multi-asset clearing business Bright Point International. This move is designed to expand its footprint and gain broader market access in the Asia-Pacific region. Fresh off its Nasdaq bell-ringing, the automotive software company MICWARE CO LTD SPONS ADS EACH REP ORD SHS (MWC.US) is going all-in on its Web4 spatial intelligence business through a newly established subsidiary, having recorded a 19.6% growth in net profit for fiscal 2026. ### Also - **SILICON LABORATORIES (SLAB.US)**: With industrial and smart home IoT demand continuing to unfold, the company reached USD 785M in revenue for fiscal 2025. I'm told the adoption rate of its low-power wireless tech continues to climb. - **ONCOLYTICS BIOTECH INC (ONCY.US)**: The clinical-stage biotech company's core intravenous product, pelareorep, just received FDA Fast Track designation for the treatment of advanced anal cancer. - **NUTANIX INC (NTNX.US)** and **SEALSQ CORP (LAES.US)**: In the hybrid cloud infrastructure and post-quantum crypto spaces, both companies have maintained a stable market presence, with more details on product line updates expected later this year. _This article does not constitute investment advice._ ### Related Stocks - [MNDY.US](https://longbridge.com/en/quote/MNDY.US.md) - [NTNX.US](https://longbridge.com/en/quote/NTNX.US.md) - [SLAB.US](https://longbridge.com/en/quote/SLAB.US.md) - [DSGX.US](https://longbridge.com/en/quote/DSGX.US.md) - [LAES.US](https://longbridge.com/en/quote/LAES.US.md) - [VCIG.US](https://longbridge.com/en/quote/VCIG.US.md) - [ONCY.US](https://longbridge.com/en/quote/ONCY.US.md) - [MRX.US](https://longbridge.com/en/quote/MRX.US.md) - [MWC.US](https://longbridge.com/en/quote/MWC.US.md) - [SNAP.US](https://longbridge.com/en/quote/SNAP.US.md) ## Related News & Research - [Top Snap Executive Quietly Unloads a Chunk of Company Stock](https://longbridge.com/en/news/293283425.md) - [Snap: Subscription-Led Growth but Margin Pressure Keeps Rating at Hold with Price Target Unchanged at $8](https://longbridge.com/en/news/293889766.md) - [RBC Capital Sticks to Their Hold Rating for Snap (SNAP)](https://longbridge.com/en/news/293546391.md) - [Marex says UK retail demand for SpaceX IPO hits $100 billion, Winterflood WRAP allocates shares to 120,000 accounts](https://longbridge.com/en/news/293753582.md) - [Monday.com lays off hundreds to focuses on AI](https://longbridge.com/en/news/293506239.md)