Wix Announces Layoffs of Approximately 20% of Workforce

Israeli web development company Wix is laying off about 20% of its workforce, as announced by CEO Avishai Abrahami. The decision was attributed to the rapid evolution of AI and challenges related to currency exchange rates.

By CJ Haddad · CNBC · May 28, 2026, 13:25 UTC

Wix Announces Layoffs of Approximately 20% of Workforce

Tickers: $WIX

Topics: AI transformation currency exchange rates layoffs

Read the full article at CNBC

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