AI job cuts hit Wix as CEO cuts 20% of workforce after Q1 earnings miss
The post AI job cuts hit Wix as CEO cuts 20% of workforce after Q1 earnings miss appeared on BitcoinEthereumNews.com. Wix CEO Avishai Abrahami told employees on Wednesday the company is cutting roughly 20% of its workforce, eliminating about 1,000 positions in the largest layoff in the company’s history. The Israel-based company operates a platform that lets people and businesses build websites without writing code. He posted the announcement on X (formerly Twitter) and LinkedIn simultaneously. Sharing here the message I just sent to the whole Wix team: Today is a sad day for me. We have made a very hard decision. We are reducing the Wix team size by roughly 20%. It is one of the hardest decisions I have had to make, but I am confident it is the right one, and I will… — Avishai Abrahami (@Avishai_ab) May 28, 2026 In the social media post, Abrahami named two forces. The first is currency. Wix earns revenue in dollars but pays more than 60% of its workforce in Israeli shekels. The shekel