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Tel Aviv-based web development company Wix cuts ~20% of its workforce, citing the “fast evolution of AI capabilities” and currency exchange rate difficulties

CNBC CJ Haddad

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Discussion

  • @avishai_ab Avishai Abrahami on x
    Sharing here the message I just sent to the whole Wix team: Today is a sad day for me.  We have made a very hard decision.  We are reducing the Wix team size by roughly 20%.  It is one of the hardest decisions I have had to make, but I am confident it is the right one, and I will…
  • @mukund M Mohan on x
    $WIX hits 52 week low on 20% (1000 people) head count reduction thanks a) currency and b)AI Whatever. Worst management team ever. [image]
  • r/technology r on reddit
    Wix laying off about 20% of its workforce.  CEO cites AI, exchange rates in announcing cut