Business Insider
US · 5 hrs ago
Wix is laying off 20% of staff. Read the memo — and yes, it mentions AI.
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Wix is laying off 20% of staff. Read the memo — and yes, it mentions AI.
Avishai Abrahami, the CEO of Wix.
AI
Wix is laying off 20% of its workforce, citing AI and currency challenges.
CEO Avishai Abrahami cited the need for Wix to become leaner and more efficient.
Wix is the latest company to mention AI and a flatter structure when making job cuts.
Wix is laying off around 20% of staff.
In a message to staff shared by CEO Avishai Abrahami on X, he cited the "fast evolution of AI capabilities" and said the company needed to become a "faster, leaner, and flatter org
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