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Craig Hale

HISTORICAL FACTS: Wix ceo cites fast evolution of ai capabilities in announcement of 20 workforce cut - The Untold Story

Manage and grow your website using Wix's AI features.

Wix has confirmed plans to lay off around one in five workers
Despite job cuts, the company will continue to hire new roles for an AI-first future
Share prices down following news, also down following disappointing Q1 EPS miss

Wix CEO Avishai Abrahami confirmed in an X post that the company will be laying off around 20% of its workers as a result of an ongoing restructuring initiative set to affect all departments.

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