Wix to lay off 1,000 employees in biggest job cut in company history as AI pressure mounts
TIMESOFINDIA.COM / May 26, 2026, 11:44 (IST)
Wix is preparing for its largest-ever layoffs, cutting approximately 1,000 employees, or 20% of its workforce. This significant downsizing follows a challenging first quarter, marked by a stock decline and increasing redundancy of roles due to AI advancements. Despite double-digit revenue growth, the company reported a net loss and a drop in cash flow, with operating expenses significantly increasing.