As $2 billion-plus software company Wix lays off 1,000 employees; CEO Avishai Abrahami says in memo: I am confident it is the right decision, and ...
TIMESOFINDIA.COM / May 30, 2026, 11:37 (IST)
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.