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