Monday.com's co-CEOs Roy Mann and Eran Zinman are seeking compensation packages worth up to $14.6 million each by 2029, almost double their current $7 million to $7.3 million packages. The proposal surfaces just days after the Israeli work management platform cut roughly 620 employees, about 20% of its workforce, on July 22.
The company framed the layoffs as a shift toward becoming an "AI Work Platform" built on collaboration between AI agents and humans. Around 350 affected workers were based in the company's Tel Aviv headquarters. Mann and Zinman called it "painful yet necessary" while the restructuring came with upgraded financial guidance: the 2026 operating margin forecast jumped from 13% to 15%.
The new pay structure leans heavily on equity awards split 60% performance-based and 40% time-based vesting. Monthly base salaries rise 19% to NIS 110,000 in year one, then NIS 115,000 in year two and NIS 120,000 in year three. The time-based portion $5.6 million to $5.8 million per CEO annually vests on schedule regardless of company results. Double-trigger protections mean equity accelerates only if both a change of control happens and the executive is terminated.
Shareholders will vote on the proposal in early August 2026.
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