A number of companies, including Snap, Coinbase, and Wix, have attributed recent staff reductions to AI.

Are Companies Really Doing Layoffs "For AI"? Amazon did it. Atlassian did it. Meta is...

Wix CEO Avishai Abrahami announced a 20% staff reduction, citing AI advancements and currency shifts as driving factors for the layoffs.

A number of companies, including Snap, Coinbase, and Wix, have attributed recent staff reductions to AI.

CEO Avishai Abrahami wrote on X that reducing the Wix team by 20%, or around 1,000 people, was a "hard decision" (four times).