Wix.com Cuts 1,000 Jobs Amid Shekel Strength and AI Shift
SOURCENews reportView the filing ↗
What we know
Location: Israel.
Based on news reporting.
Summary
Wix.com, Inc. has laid off 20% of its workforce, amounting to 1,000 employees, according to Reuters and other reports. CEO and cofounder Avishai Abrahami cited two primary reasons in an internal message: the strengthening Israeli shekel versus the U.S. dollar (Wix's costs are largely shekel-denominated while revenue is largely dollar-denominated) and the rapid evolution of AI capabilities prompting organizational changes. Abrahami said Wix is moving to a structure with fewer management layers to adapt to AI-driven changes. The cuts mainly affect teams based in Israel given the company's cost structure and were portrayed as necessary to align the company's scale with sustainable cost levels.
Wix.com, Inc. cut 1,000 jobs.
That is roughly 18.6% of the 5,383 people Wix.com, Inc. employs.
LayoffTalk has tracked 3 layoff events at Wix.com, Inc. since April 2023, including 27 jobs documented in official WARN filings, with 2 additional events known from news reporting.
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