TECH NEWS
Wix is cutting 20% of its workforce as a strong shekel and AI competition squeeze the website builder from both sides
TL;DR Wix is cutting roughly 1,000 jobs, about 20% of its workforce, in the largest layoff in company history. CEO Avishai Abrahami cited the strengthening Israeli shekel and the need to rebuild the company around AI-native roles. The stock has fallen more than 50% in 2026. Wix is