Wix cuts 20% of its employees citing shekel-dollar exchange rate, AI implementation
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Source: The Jerusalem Post
Published: 2026-05-29 00:47 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Economy & Finance, Business & Economy, Technology
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Snippet:
Israeli tech giant Wix will lay off 20% of its employees, CEO Avishai Abrahami announced in a Thursday X/Twitter thread, citing financial difficulties due to the recent strengthening of the shekel against the dollar.
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