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Wix Cuts 1,000 Employees in Latest AI-fueled Layoff
Website builder Wix laid off 1,000 employees, or 20% of its workforce, citing both the strong Israeli shekel and the need to adapt to rapid AI advancements.
What: Wix CEO Avishai Abrahami announced the layoff of 1,000 employees on May 28, 2026, due to structural cost pressures from the strengthening Israeli shekel against the USD and a strategic pivot to a flatter organizational structure to adapt to AI capabilities.
Why it matters: This reflects a broader trend of tech companies restructuring and reducing headcount in anticipation of or response to AI's impact on workflow efficiency, alongside macroeconomic pressures.
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