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Fortune

Marco Quiroz-Gutierrez

CEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. 'They've been saying that for 20 years'

WIX X Block SNAP Fortune

(Credit: Alvaro Gonzalez—Getty Images)

Late last week, Wix joined a flurry of tech companies that have been citing AI as a motivation for layoffs, and one expert says this pattern reveals a trend companies have been reluctant to admit for years.

Avishai Abrahami, the CEO of the Israel-based website-building company, said in a post on X that Wix would cut roughly 20% of its staff, or just over 1,000 people based on its last employee count of 5,277 found in a May filing with the Securities and Exchange Commission.

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