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Greece Poised For Energy Transformation: President Christodoulidis Signals Imminent Announcements

President Nikos Christodoulidis has indicated that Greece is on the verge of announcing pivotal energy developments. In a series of high-level discussions with American companies and neighboring states, the President affirmed that substantial progress has been made on the full spectrum of energy issues.

Robust U.S. Engagement

During a luncheon hosted by the Ambassador of the United Arab Emirates at his residence in Nicosia, President Christodoulidis elaborated on the intensive consultations. When questioned by reporters about the pronounced American interest—following an agreement signed today in Greece that involved U.S. entities, as detailed in this report—he underscored that the talks with the United States and regional partners are both strategic and multilayered.

Strategic Energy Diplomacy In The Eastern Mediterranean

These remarks emerge at a time of heightened energy diplomacy across the Eastern Mediterranean. Nicosia is working diligently to enhance its role as a key regional energy hub. The anticipated announcements are expected to reshape the energy landscape, reinforcing Greece’s commitment to a more integrated and forward-looking energy strategy.

Monday.com To Cut 20% Of Workforce As It Expands AI Strategy

Monday.com, the Israeli workplace software company, is laying off about 630 employees, or roughly 20% of its workforce, as it restructures the business to support a leaner operating model and accelerate investment in artificial intelligence.

Restructuring Around AI

In a regulatory filing, the company said the workforce reduction is intended to better align resources with its AI strategy, which has become a central focus of its product development.

Earlier this year, Monday.com expanded its AI offering by introducing the Monday.com AI Work Platform, designed to integrate AI agents into day-to-day business workflows.

The platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot capable of generating reports, updating dashboards and assisting with routine tasks.

Part Of A Wider Industry Trend

Monday.com’s restructuring reflects a broader shift across the technology sector, where companies are reducing costs while increasing investment in AI development and infrastructure.

According to Layoffs.fyi, tech layoffs rose sharply in May, with 78% of companies citing AI-related restructuring as a factor behind job cuts this year. More than 122,000 technology roles have been eliminated worldwide in 2026, according to the tracker.

Restructuring Costs

Monday.com expects to record restructuring charges of between $45 million and $55 million as a result of the layoffs. The move highlights how software companies are reallocating resources to support AI-focused products and services as competition in the sector intensifies.

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