High confidence
May 28, 2026
Wix
−1,055 Roughly 20% of staff; just over 1,000 affected individuals based on 5,277 employees at the end of Q1 2026
Attribution · verbatim quote
“The second stems from the fast evolution of AI capabilities. We have witnessed the most significant shift in how companies are built since the invention of modern programming languages in the 1970s. This is not just about adopting new tools - it is about rewiring how companies are built, how they think, how they manage and how they operate.”
— Avishai Abrahami (ceo)
Summary
Wix announced a company-wide reduction of roughly 20% of staff. CEO Avishai Abrahami cited both shekel-dollar exchange-rate pressure and the fast evolution of AI capabilities, saying Wix needed to become a faster, leaner, flatter organization built around AI-native ways of working.
Evidence notes
- · Business Insider published Abrahami's memo, which names two drivers: shekel-dollar exchange-rate pressure and AI-driven changes in how companies are built.
- · CNBC corroborated the X-post announcement and reported Wix had 5,277 employees at the end of Q1 2026, making a 20% reduction just over 1,000 roles.
- · The AI attribution is explicit but multi-causal, so restructuring_for_ai is more conservative than direct_replacement.