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Wix cut 20% of workforce (~1,000 employees) citing AI evolution and exchange rate pressures
May 28, 2026On May 28, 2026, Wix CEO Avishai Abrahami announced a 20% workforce reduction affecting approximately 1,000 employees, citing AI evolution and exchange rate challenges. An MIT professor was quoted saying tech companies are using AI as cover for layoffs in a pattern spanning 20 years. The cuts were part of a broader industry trend that saw 38,242 US tech job cuts in May 2026 alone.