Thursday, 28 May, 2026
Wix Slashes 1,000 Jobs as AI Shift and Strong Shekel Squeeze Costs
By TechShots Studio
Wix.com is cutting 1,000 jobs, citing pressure from Israel’s strong shekel and growing AI-driven operational changes. The company said automation and efficiency gains from AI are reshaping workforce needs, while currency strength has increased local operating costs. Wix expects the restructuring to improve profitability as it adapts to a rapidly evolving digital and AI-focused business environment.
Read full story at reuters