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Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut

Posted on May 28, 2026
By CNBC
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1 min read

Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut

Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X early Thursday morning.