Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut (opens in new tab)

Covered by 6 sources including fastcompany.com, FortuneDiscussed on Hacker News

Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X early Thursday morning.

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Covered in 6 articles

fastcompany.com·

Wix layoffs today: Tech developer is the latest to cut 20% of jobs while citing AI

Fortune

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How Bazooka’s CIO is bringing AI to the gum game and navigating candy industry headwinds

Techmeme

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Israel-based web development company Wix is cutting 20% of its workforce, citing the "fast evolution of AI capabilities" and currency exchange rate difficulties...

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