Wix is laying off approximately 20% of its workforce in reportedly one of its largest cuts in its history. According to its CEO Avishai Abrahami in a post on social media, the layoffs are being driven by two major forces. One is the “fast evolution of AI capabilities”, which drives the company to restructure around artificial intelligence, cutting layers of leadership and downsizing teams to create a “faster, leaner, and flatter organization”. The second reason was due to the strengthening of
