#Abrahami

Wix is laying off roughly 20% of its workforce, about 1,000 employees, as CEO Avishai Abrahami cites both the rapid evolution of AI and currency pressure from a stronger Israeli shekel against the dollar.…

Wix is eliminating 1,000 jobs, or 20% of its 5,277 employees, as a sharply stronger shekel raises costs and rapid AI advances demand a flatter, leaner organization.…

Israeli website builder Wix cuts 20% of global staff as strong shekel fuels costs amid shift to 'AI-native ways of working,' with fintech firm Rapyd and software firm Amdocs following suit