Monday.com shareholders overwhelmingly approved significant compensation increases for its co-CEOs, nearly doubling their annual pay packages. This decision comes despite the company's recent announcement of a substantial workforce reduction and a decline in its market capitalization. The company cited impressive past performance and a desire to align executive compensation with industry peers. However, investors are concerned about the company's future growth prospects in the evolving AI landscape. The approved plan significantly boosts equity awards for the CEOs.
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