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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Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X…
The cofounder and CEO shared an internal memo 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, the Israel-based website building giant is cutting around 20% of its workforce which is around 1,000 employees as part of a…
‘Will be saying goodbye to many friends’: Read Wix CEO Avishai Abrahami’s memo on cutting 20% of team
