Wix Lays Off 1,000 Employees Amid Restructuring

Wix is undergoing a significant restructuring, resulting in the layoff of approximately 1,000 employees, or 20% of its workforce. CEO Avishai Abrahami stated the decision was necessary due to the strengthening Israeli shekel and rapid advancements in AI capabilities.

30 May, 06:07 — 30 May, 06:07

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Times of IndiaMostly Factual11d ago

As Wix lays off 1,000 employees, CEO says cuts were the 'right decision'

Wix is laying off approximately 20% of its workforce, impacting around 1,000 employees. This significant restructuring is driven by the strengthening Israeli shekel and the rapid evolution of AI capabilities. CEO Avishai Abrahami stated the move is necessary to create a faster, leaner, and flatter organization.

By TOI TECH DESK

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Wix Lays Off 1,000 Employees Amid Restructuring

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As Wix lays off 1,000 employees, CEO says cuts were the 'right decision'

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