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TechRadar
Craig Hale

Wix CEO cites 'fast evolution of AI capabilities' in announcement of 20% workforce cut

WIX
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  • Wix has confirmed plans to lay off around one in five workers
  • Despite job cuts, the company will continue to hire new roles for an AI-first future
  • Share prices down following news, also down following disappointing Q1 EPS miss

Wix CEO Avishai Abrahami confirmed in an X post that the company will be laying off around 20% of its workers as a result of an ongoing restructuring initiative set to affect all departments.

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