Monday.com's co-CEOs are pushing for a pay package that would nearly double their current compensation, a move that comes just months after the company cut 620 jobs. The proposal, if approved, could test employee morale and investor confidence at a time when the workforce is still absorbing the shock of layoffs.
The pay proposal
The co-CEOs have asked the board to approve a significant raise. Details of the exact figures haven't been disclosed, but the increase is described as nearly double their existing pay. The request is likely to face scrutiny from shareholders who have watched the company trim its headcount while top executives seek a bigger slice of the pie.
Why the layoffs matter
Monday.com let go of 620 employees earlier this year. The company said the cuts were part of a restructuring to focus on core priorities. But for the workers who left — and those who stayed — the layoffs created uncertainty. Now, with the co-CEOs asking for more, the contrast is hard to ignore.
Morale and trust at risk
Employee morale could take a hit. When a company sheds staff and then boosts executive pay, the message to remaining workers is often negative. They're being asked to do more with less while the people at the top get richer. That tension can lead to disengagement, turnover, and a harder time recruiting top talent.
Investor trust is another concern. Some shareholders may see the pay hike as tone-deaf. Others might argue that retaining strong leaders is worth the cost. But without clear performance metrics tied to the raise, the optics are poor.
What happens next
The board of directors will vote on the compensation plan. A date for that vote hasn't been announced. Until then, the question hangs in the air: can a company rebuild trust with its workforce while giving its leaders a raise that's nearly double what they already earn?
