Wix CEO Avishai Abrahami announced a 20% staff reduction, citing AI advancements and currency shifts as driving factors for the layoffs.
Wix is laying off 20% of staff. Read the memo — and yes, it mentions AI.
By
Robert Scammell
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Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut
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Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X…
Wix CEO Avishai Abrahami cited two main reasons for the workforce reduction, with AI among them.
CEO Avishai Abrahami wrote on X that reducing the Wix team by 20%, or around 1,000 people, was a "hard decision" (four times).
Wix lays off 1,000 employees, 20% of staff, as a strong shekel and AI competition squeeze the website builder. Stock has fallen…
Wix is cutting 1,000 jobs, about 20% of its workforce, as AI automation reduces demand for development roles and the stock slides…
Wix is set to cut 1,000 jobs, about 20% of its workforce, as artificial intelligence increasingly handles tasks within the…
