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The Daily Verified Briefing

Markets

Wix cuts 1,000 jobs, cites currency pressure and AI pivot

Published 29 May 2026

Wix, a leading website-building platform, announced it is laying off approximately 1,000 employees, representing roughly 20 percent of its global workforce. The cuts, confirmed by CEO Avishai Abrahami in a public message on May 28, constitute the largest layoff in the company's history and will reduce headcount from 5,...

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