JERUSALEM, May 28 : Israel's Wix.com, which helps small businesses build and operate websites, is laying off 20 per cent of its workforce, CEO Avishai Abrahami said on Thursday, citing a strong shekel versus the dollar and the rapid evolution of AI. The shekel has appreciated nearly 30 per cent against the d

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…

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…