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Wix to lay off 1,000 employees in biggest job cut in company history as AI pressure mounts
Wix is preparing to lay off about 1,000 employees, roughly 20% of its workforce, in the largest round of job cuts in the company's history. The Israeli website-building firm is moving ahead with the downsizing after a brutal first quarter, with its stock down nearly 50% since January and many internal roles looking increasingly redundant in the AI era, CTech reported.
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ynetnews.com
Wix to cut 1,000 jobs as weak results, AI shift pressure company
Israeli website-building company plans largest layoffs in its history, cutting about 20% of workforce after stock loses half its value this year; Base44 grows fast but drives…
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haaretz.com
Israeli tech firm Wix plans layoffs of 800–1,000 employees worldwide
The Company Returned to a Quarterly Loss After Ramping Up Spending to Compete in AI and 'Vibe Coding,' While Simultaneously Draining $1.7 Billion From Its Cash Reserves for a…
