Dossier
exchange rates
Coverage of exchange rates in the Nexus archive.
- 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.