Wix Announces 20% Workforce Layoffs Citing AI and Exchange Rates
Wix is laying off approximately 20% of its workforce, with the CEO attributing the cuts to factors such as artificial intelligence advancements and exchange rates.
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Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut
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.
Read full article →Wix is laying off 20% of staff. Read the memo — and yes, it mentions AI.
Avishai Abrahami, the CEO of Wix. AI Wix will lay off 20% of its workforce, citing AI and currency challenges. CEO Avishai Abrahami cited the need for Wix to become leaner and more efficient. Wix is the latest company to cite AI and a flatter structure when making job cuts. Wix is laying off around 20% of staff, its CEO confirmed. In a message to staff shared by Avishai Abrahami on X, the CEO cited the "fast evolution of AI capabilities" and said the company needed to become a "faster, lean...
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