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UNBELIEVABLE: Avishai abrahami - Caught on Camera

'AI is a Perfect Excuse': MIT Expert Exposes How Tech Firms Use AI Washing to Mask Massive Layoffs

An MIT economist reveals how Silicon Valley firms are using AI as a cover for mass layoffs, reshaping the workforce narrative to protect stock prices and justify redundancies.

International Business Times UK · Jun 1

CEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. 'They've been saying that for 20 years'

Companies like Wix, Snap, and Block have all recently pointed to AI to explain cuts.

Fortune · May 31

Wix CEO cites 'fast evolution of AI capabilities' in announcement of 20% workforce cut

Wix says Dollar-Shekel currency issues and rapid AI developments are behind its decision to cut 20% of its headcount.

TechRadar · May 29

From analysis to the latest developments in health,
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Wix.com Sees Strong Growth Ahead With Base44 Acquisition, Expanding AI Markets

SaaS website builder platform Wix.com (NASDAQ:WIX) stock gained after it reported its fiscal second-quarter 2025 results on Wednesday.

Benzinga · Aug 6, 2025

Wix jumps on the vibe coding bandwagon with a new acquisition

Wix bought Base44 for $80 million

TechRadar · Jun 18, 2025

Wix.com Stock Slides On Q4 Revenue Miss, Slower Revenue Growth Forecast For Q1

Wix.com Ltd (NASDAQ:WIX) reported fourth-quarter FY21 revenue growth of 16% year-on-year to $328.3 million, missing the consensus of $331.2 million. Wix.com is a global SaaS platform to create, manage and grow an online presence. Segments: Creative Subscriptions revenue increased 15% Y/Y to $246.7 million. The Creative Subscriptions bookings climbed 12% Y/Y to $264 million.…

Benzinga · Feb 16, 2022

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