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Wajeeh Khan

WIX Stock Alert: What to Know About the Latest Layoffs at Wix

WIX

Wix.com (WIX) shares are in focus on May 28 after the company announced plans of lowering its headcount by 20% — a move expected to affect about 1,000 of its employees.

These job cuts — the largest in WIX’s history — are driven by a currency mismatch, making its Israeli workforce more expensive in dollar terms and a fundamental shift in how software firms need to operate in the age of AI.

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