Monday

Monday reported second-quarter 2026 revenue of $364.6 million, beating market expectations. Despite the positive financial results, the company's stock fell by more than 8% in pre-market trading on the Nasdaq.

Tomorrow, Monday will report under heavy pressure as the stock has plummeted about 37% this year, the company fired 20% of its staff and approved a generous compensation package for the CEOs. This week, the US Consumer Price Index will also be released, which may decide if the Fed will raise interest rates.

Amidst a 20% workforce reduction and controversy over executive pay, Monday is set to release its Q2 2026 financial results. Investors are looking for proof that the company can adapt to the AI era.

Ahead of the shareholders' vote on doubling the CEOs' compensation package, Monday denies to its employees any connection to the recent wave of layoffs, explaining that it is a periodic update. The company notes that the salary has not been updated since the IPO five years ago, and that it will now be adjusted to the level customary in the market.

Avi Eyal, co-founder of Entrée Capital, addressed the recent layoffs at Monday and the compensation request for its CEOs. He emphasized that these steps are essential for the company's survival in the AI era.

Monday's leadership initiated a wave of layoffs affecting 620 employees while simultaneously asking shareholders to approve a plan to double their own compensation packages to $14 million by 2029.

Roy Mann and Eran Zinman, the founders and CEOs of Monday, are asking the company's general meeting for a tiered salary increase that will bring them to a level of $14 million each. The company recently announced the layoff of 600 employees.

Monday laid off hundreds of employees despite excellent performance, as AI tools reduce the need for users and hurt the SaaS model (annual payment per user). A similar phenomenon has already affected Salesforce, Wix, and Adobe. Venture capital investors explain the profile of the companies being hit, who else might be affected, and what mistakes to avoid.

The Government Companies Authority urges former Monday employees to consider defense industry roles. Also: Eldan's branch redesign and Cellcom's new partnership with HBO Max.

The Ministry of Finance is furious over the rejection of structural reforms like the Metropolitan Authorities Law. Monday cuts 20% of its workforce, the online money laundering industry is luring young people, Supergas will pay 36 million shekels in compensation, and the cottage cheese shortage highlights a broader issue of factory shutdowns due to a lack of foreign technicians.