BUSINESSMay 28 · 13:25 UTCCNBC TOP

Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut

Wix, an Israel-based web development company, is laying off approximately 20% of its workforce. CEO Avishai Abrahami cited AI advancements and exchange rate fluctuations as primary reasons for the cuts, announced in a post on X.

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