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As Wix lays off 1,000 employees, CEO says cuts were the 'right decision'

As Wix lays off 1,000 employees, CEO says cuts were the 'right decision'
Times of India Saturday 30 May 2026, 06:07 UTC By TOI TECH DESK 1 min read
Key Points

Wix is laying off approximately 20% of its workforce, impacting around 1,000 employees. This significant restructuring is driven by the strengthening Israeli shekel and the rapid evolution of AI capabilities. CEO Avishai Abrahami stated the move is necessary to create a faster, leaner, and flatter organization.

Wix is laying off approximately 20% of its workforce, impacting around 1,000 employees. This significant restructuring is driven by the strengthening Israeli shekel and the rapid evolution of AI capabilities. CEO Avishai Abrahami stated the move is necessary to create a faster, leaner, and flatter organization.
Avishai Abrahami (PERSON)
Originally published by Times of India Read original →

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