Wix: 1,000 jobs cut
Wix has announced plans to lay off approximately 1,000 employees, representing about 20% of its workforce, as part of a restructuring effort driven by rising costs and the need to adapt to evolving AI capabilities. The layoffs were confirmed by CEO Avishai Abrahami, who emphasized the importance of shifting to AI-native operations.
Conservative
0
Core Estimate
750
Upper Bound
1,000
Sources
Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry | The Times of Israel
Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry | The Times of Israel × Advertisement Homepage Illustrative image of a Wix-made app. (Courtesy/Wix) Wix, Rapyd and Amdocs became the latest Israeli tech firms to join a wave of layoffs to tighten operations, cut costs and reorganize their staff amid pressure to adapt to the new automation era. Wix, a maker of do-it-yourself website building software, on Thursday confirmed reports that it is cutting as many a