Business
Wix.com, an Israeli website development platform, is cutting approximately 20% of its workforce, amounting to about 1,000 jobs. CEO Avishai Abrahami stated that this restructuring is a response to the rapid advancements in artificial intelligence,…
Impact: The strengthening of the Israel — Israeli new shekel against the United States dollar has created structural pressure on Wix.com's profitability, as most of its costs are shekel-denominated while revenue is dollar-denominated.
May 26, 2026 · 27 articles