Wix Lays Off 20% of Workforce

Israeli software company Wix has announced a 20% reduction in its workforce, attributing the decision to the shekel-dollar exchange rate and the implementation of AI technologies.

28 May, 15:06 — 28 May, 15:06

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jerusalem-postMostly Factual95d ago

Wix cuts 20% of its employees citing shekel-dollar exchange rate, AI implementation

According to the CEO, the fact that the company has shekel-dominated costs and dollar-denominated revenue made it impossible to keep its current operations running without cutting back.

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Wix Lays Off 20% of Workforce

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Wix cuts 20% of its employees citing shekel-dollar exchange rate, AI implementation

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