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

https://www.techradar.com/author/craig-hale· May 29, 2026 · 5:05 PM UTC ·9 min read · 0 reactions · 0 comments · 38 views

#technology #business #artificial intelligence

TL;DR · WeSearch summary

Wix has announced a 20% reduction in its workforce due to the rapid evolution of AI capabilities and currency pressures. CEO Avishai Abrahami highlighted the need for restructuring to adapt to these changes while also indicating that new roles will be created in the future. The company's share prices have declined following this announcement and a disappointing earnings report.

Key facts

▪Wix plans to lay off around 20% of its workforce as part of a restructuring initiative.
▪The layoffs are attributed to currency pressures and the impact of artificial intelligence on company operations.
▪Despite the job cuts, Wix will continue to hire for new roles focused on an AI-first future.

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Original publisher	TechRadar
Canonical URL	https://www.techradar.com/pro/wix-ceo-cites-fast-evolution-of-ai-capabilities-in-announcement-of-20-percent-workforce-cut
Publication time	Fri, 29 May 2026 17:05:00 +0000
Retrieval time	2026-05-29T17:10:02.960Z
Last seen	2026-05-29T17:10:02.960Z
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Opening excerpt (first ~120 words) tap to expand

Pro Website Building Wix CEO cites 'fast evolution of AI capabilities' in announcement of 20% workforce cut News By Craig Hale published 29 May 2026 Wix blames AI and currency issues for job cuts When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Wix) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Wix has confirmed plans to lay off around one in five workersDespite job cuts, the company will continue to hire new roles for an AI-first futureShare prices down following news, also down following disappointing Q1 EPS missWix CEO Avishai Abrahami confirmed in an X post that…

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