Israel-based Wix is laying off roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X. Abrahami cited the evolution of AI and exchange rates as reasons for the decision. Wix joins ...

JERUSALEM, May 28 (Reuters) - Israel's Wix.com (WIX.O), opens new tab, which helps small businesses build and operate websites, is laying off 20% of its workforce, CEO Avishai Abrahami said on ...

Wix, the Israeli-based website building service, is reportedly embarking on a massive workforce reduction following poor performance and a decline in its stock price since the beginning of the year.

It would be the largest layoff in its history. Wix (WIX) is set to slash around 1,000 jobs in the coming months, or approximately 20% of its workforce, according to multiple Israeli media outlets.

This as-told-to essay is based on a conversation with Omer Shai, chief marketing officer of the website-building platform Wix. It's been edited for length and clarity. My department has been using AI ...

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