After firing 600 workers monday.com CEOs seek double pay by 2029

This is probably the kind of headline no CEO ever wants to see! What went wrong? What were these two CEOs thinking? 😊 Or is this fake news? Or were these two CEOs previously underpaid?

"monday.com has approximately 2,500 employees" (Google Search)

What will the impact on the remaining employees be?

"Just two weeks ago they announced the layoffs of some 600 employees, and now monday.com (Nasdaq: MNDY) founders and co-CEOs Roy Mann and Eran Zinman are asking for a substantial pay rise. In advance of the company’s general shareholders meeting due to be held on August 6 ..."

After firing 600 workers monday.com CEOs seek double pay - Globes "Roy Mann and Eran Zinman are asking shareholders to approve a rise in annual compensation from $7.3 million in 2025 to a possible $14.6 million each by 2029."