AI job cuts hit Wix as CEO cuts 20% of workforce after Q1 earnings miss

Wix CEO Avishai Abrahami told employees on Wednesday the company is cutting roughly 20% of its workforce, eliminating about 1,000 positions in the largest layoff in the company’s history. The Israel-based company operates a platform that lets people and businesses build websites without writing code. He posted the announcement on X (formerly Twitter) and LinkedIn...