--- title: Monday.com cuts 620 jobs, Amazon quietly shuts its AGI Lab description: Monday.com is laying off 620 employees — 20% of its workforce — as it restructures around an AI agent platform, joining a wave of SaaS companies pairing record... canonical: https://daily.dev/posts/monday-com-cuts-620-jobs-amazon-quietly-shuts-its-agi-lab-zl5hfbywj twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Monday.com cuts 620 jobs, Amazon quietly shuts its AGI Lab | daily.dev og:description: Monday.com is laying off 620 employees — 20% of its workforce — as it restructures around an AI agent platform, joining a wave of SaaS companies pairing record... og:url: https://daily.dev/posts/monday-com-cuts-620-jobs-amazon-quietly-shuts-its-agi-lab-zl5hfbywj og:image: https://api.daily.dev/og/posts/zl5hFbyWj.png og:image:alt: Monday.com cuts 620 jobs, Amazon quietly shuts its AGI Lab og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Monday.com cuts 620 jobs, Amazon quietly shuts its AGI Lab **[Career Digest](https://daily.dev/sources/career_digest)** · 5 min read · 1 upvotes · 1 comments ## Summary Monday.com is laying off 620 employees — 20% of its workforce — as it restructures around an AI agent platform, joining a wave of SaaS companies pairing record revenues with headcount reductions. Amazon shut down its AGI Lab after just 18 months, folding it into broader layoffs and doubling down on AWS infrastructure and its Anthropic investment instead. Uber explicitly named AI as the reason for cutting 10% of its customer service workforce, one of the clearest corporate admissions yet. Meanwhile, the data on AI's actual labor market impact remains genuinely mixed: no broad unemployment spike, but early-career workers in AI-exposed fields are taking real hits. ## Content **TLDR:** Monday.com is laying off 620 employees — 20% of its workforce — as it restructures around an AI agent platform, joining a wave of SaaS companies pairing record revenues with headcount reductions. Amazon shut down its AGI Lab after just 18 months, folding it into broader layoffs and doubling down on AWS infrastructure and its Anthropic investment instead. Uber explicitly named AI as the reason for cutting 10% of its customer service workforce, one of the clearest corporate admissions yet. Meanwhile, the data on AI's actual labor market impact remains genuinely mixed: no broad unemployment spike, but early-career workers in AI-exposed fields are taking real hits. --- ## Monday.com lays off 620 employees in shift to AI agent platform Monday.com is cutting roughly 620 people — about 20% of its global workforce — and restructuring around what it calls an AI Work Platform. Co-CEO Eran Zinman framed it as offensive rather than defensive: the goal is shifting from helping people manage work to having AI agents do the work. The company expects $45–55 million in restructuring charges. Monday.com joins a pattern of SaaS companies — Wix, Atlassian, Patreon — posting strong revenues while cutting headcount, driven partly by investor anxiety that AI agents could make conventional SaaS tools obsolete. A Financial Times analysis found companies citing AI in layoff announcements have underperformed the Nasdaq by roughly 10% in the 30 days following those announcements, which is not a ringing endorsement of the narrative. [Read more](https://daily.dev/feed-by-ids?id=4eY1R7yVt&id=2golU6qYJ) ## Amazon shuts its AGI Lab 18 months after launch Amazon quietly closed its AGI Lab last week, 18 months after launching it in December 2024. The San Francisco team was building AI agents for businesses. Both founding leaders — Rohit Prasad and David Luan — had already left before the closure, which makes this less a pivot and more a postmortem. Amazon's official framing is 'sharpening focus,' and the actual focus is clear: AWS infrastructure and the multi-billion dollar bet on Anthropic. Building frontier models in-house was always going to be a hard sell when you're already writing Anthropic enormous checks. At least one startup, Sophont AI, is already recruiting the laid-off researchers for healthcare foundation model work. [Read more](https://daily.dev/posts/MLSok5iwI) ## Uber explicitly blames AI for cutting 10% of customer service jobs Uber cut 10% of its community operations workforce and named AI directly in the announcement — a level of candor most companies avoid. VP Megha Yethadka's internal memo explained that the organization had grown too complex and siloed, and that AI can't scale effectively on top of fragmented processes. This follows a June cut of 23% of Uber's HR division. Despite the reductions, Uber still has over 500 open roles, including engineers for its robotaxi partnerships. Uber joins Oracle, Monday.com, and several major banks in publicly attributing headcount reductions to AI efficiency gains, but the directness here is notable — most companies soften this with 'restructuring' language. [Read more](https://daily.dev/feed-by-ids?id=aAwV3ArsI&id=aOa1tIUM0) ## The AI jobs data is genuinely mixed, and the honest read is complicated Sixteen Nobel laureates signed a statement warning AI could transform the economy faster than the Industrial Revolution. Anthropic's own research finds no systematic rise in unemployment among highly AI-exposed workers since late 2022. Jensen Huang called the panic 'complete nonsense,' pointing to rising headcounts among radiologists and paralegals — though critics noted his optimism conveniently aligns with selling more GPUs. The clearest early signal is a 14–16% relative decline in employment among workers aged 22–25 entering AI-exposed occupations, and CS enrollment fell for the first time in roughly 20 years, dropping 8.1% in autumn 2025. Outplacement firm Challenger, Gray & Christmas found AI was cited in nearly 25% of US job cuts in 2026 — more than all of 2025 combined. The apocalypse hasn't arrived, but something is clearly accelerating, and the people most loudly predicting it have the most to gain from you believing them. [Read more](https://daily.dev/feed-by-ids?id=CK4RR2OWi&id=uIAuswSJp&id=kWRiPN3oA&id=6mrBLNC8G&id=HXF3UKXD3) --- ## Also notable - **Patreon cuts 93 staff — 20% of workforce — while distancing the move from AI:** Patreon is laying off 93 employees despite podcasters alone generating $629 million on the platform in 2025, up 33% year-over-year — CEO Jack Conte explicitly denied AI is replacing the people being let go, while simultaneously acknowledging AI has 'fundamentally transformed' how Patreon builds products, a distinction that feels thin. [Read more](https://daily.dev/posts/2golU6qYJ) - **AI-generated code now 52% of production contributions, but developer experience is deteriorating:** DX's Q2 2026 report across 500+ engineering teams found AI-generated code crossed 50% of production contributions (up from 34% in Q1), PR sizes nearly doubled, change confidence declined 6.1%, and median AI spend jumped from ~$1.5K to ~$44K per quarter — while the innovation ratio stayed flat, meaning saved time isn't converting into new feature work. [Read more](https://daily.dev/feed-by-ids?id=Ynv5kqW0Q&id=BkWcBnxNo) - **AI hiring tools exhibit 65% more bias than humans in simulated hiring tasks:** Princeton and University of Chicago research found LLMs like ChatGPT, Claude, and Gemini stereotyped candidates roughly 65% more than human participants in hiring simulations, with OpenAI's o3 scoring near maximum segregation — and telling models to 'be fair' had little effect, though incentivizing diverse hiring reduced bias significantly. [Read more](https://daily.dev/posts/ZQTuQtWqB) - **Jared Palmer joins Cognition as head of engineering after two months at Xbox:** Jared Palmer left his VP of Engineering role at Xbox after just two months to join Cognition — the company behind Devin — as head of engineering, a move that coincides with Microsoft announcing 3,200 Xbox layoffs and raising console prices by $100–$150. [Read more](https://daily.dev/posts/m92bAF1f8) - **Remote PM roles jumped 28% in a single month, driven by RTO flight and geography arbitrage:** Remote PM job listings on LinkedIn jumped 28% in May 2026 — the largest single-month gain in two years — driven by talent flight from aggressive RTO mandates and US companies hiring Canadian PMs at roughly a 30% salary discount, with the trend primarily benefiting senior PMs in North America. [Read more](https://daily.dev/posts/Aa3RMLSxm) ## Similar posts on daily.dev - [Amazon's 57,000 job cuts and the toll on those left](https://daily.dev/posts/amazon-s-57-000-job-cuts-and-the-toll-on-those-left-7vnmhrkk7) · The Next Web · 0 upvotes · 0 comments - [The running list: major tech layoffs in 2026 where employers cited AI](https://daily.dev/posts/the-running-list-major-tech-layoffs-in-2026-where-employers-cited-ai-tmvmmr5vc) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#amazon](https://daily.dev/tags/amazon), [#anthropic](https://daily.dev/tags/anthropic) [View this post on daily.dev](https://daily.dev/posts/monday-com-cuts-620-jobs-amazon-quietly-shuts-its-agi-lab-zl5hfbywj) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"DiscussionForumPosting","mainEntityOfPage":"https://daily.dev/posts/monday-com-cuts-620-jobs-amazon-quietly-shuts-its-agi-lab-zl5hfbywj","headline":"Monday.com cuts 620 jobs, Amazon quietly shuts its AGI Lab","text":"Monday.com is laying off 620 employees — 20% of its workforce — as it restructures around an AI agent platform, joining a wave of SaaS companies pairing record revenues with headcount reductions. 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