“Monday handled the layoffs in the best possible way”: Entrée Capital’s Avi Eyal defe
Entrée Capital co-founder Avi Eyal, a director at monday.com, discussed criticism after monday.com sought shareholder approval to more than double co-CEOs Roy Mann and Eran Zinman’s compensation to $14 million, following layoffs of 620 employees, including 350 in Israel. Eyal said the cuts and AI shift reflect new market realities. monday.com shares are down 40% YTD.
How this was made
The 30-second read
Why it matters
The piece is primarily a management defense and macro/political commentary. The only concrete company-specific items are the layoffs headcount and the proposed CEO compensation package, plus the note that the stock is down 40% YTD.
Market read
Traders may monitor the shareholder vote and any subsequent disclosures tied to the compensation proposal, but the article itself does not add new financial guidance or outcomes.
What to watch
The article does not quantify AI product adoption, retention, or monetization. Without those metrics, the compensation and layoffs could be interpreted as cost-cutting without clear ROI.
Background
Entrée Capital co-founder Avi Eyal, a director at monday.com, comments on criticism after monday.com announced layoffs and sought shareholder approval for a large CEO compensation increase.
Ticker impact
monday.com is described as having sought shareholder approval to more than double CEO pay to $14M after layoffs of 620 employees, including 350 in Israel.
Near-term trading likely stays headline-driven around the shareholder vote and any follow-through on AI-agent product traction.
This is a director interview discussing an upcoming shareholder vote and recent layoffs, but it does not provide new vote outcomes, guidance, or fresh financial datapoints beyond the already-stated figures.
Market effects
Reinforces the broader software narrative that AI-driven role changes can justify workforce reductions, potentially affecting sentiment across AI-adjacent SaaS peers.
Highlights Israel high-tech hiring and startup formation concerns tied to political uncertainty and perceived sanctions risk, which can influence regional risk premia.
Uses a global read-across from AI disruption and cost cutting, citing Airtable’s valuation collapse and sale as an example of failing to adapt.
Counterpoint
The director’s defense may not address the core market concern: whether AI-agent products translate into durable revenue growth fast enough to offset layoffs and justify higher CEO pay.
Key entities
- public_companymonday.com
Sought shareholder approval to more than double co-CEOs’ annual compensation to $14M after layoffs of 620 employees.
- personAvi Eyal
Co-founder of Entrée Capital and a director at monday.com, speaking to Calcalist about the controversy and AI-driven workforce changes.
- personRoy Mann
monday.com co-CEO referenced in the proposed compensation increase.
- personEran Zinman
monday.com co-CEO referenced in the proposed compensation increase.
