WIX TO CUT 1,000 JOBS AMID STOCK COLLAPSE

INDUSTRY DESK■ 1 MIN READ

MON, MAY 25, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Wix plans to lay off approximately 1,000 employees—20% of its workforce—following weak Q1 earnings and a 50% stock decline in 2026.

The website builder platform will reduce headcount in the coming months as it grapples with deteriorating financial performance and mounting AI-related expenses. The cuts represent a significant restructuring for the Israeli-founded company, which has faced mounting pressure from investors over slowing growth and rising operational costs tied to artificial intelligence initiatives. Weak first-quarter results triggered the stock's sharp decline, prompting management to take decisive action on spending. The layoffs will affect multiple departments as Wix attempts to right-size operations and improve profitability. This marks one of several major tech workforce reductions in recent periods, as companies across the sector reassess spending priorities amid economic uncertainty and the high costs of integrating AI capabilities into their platforms.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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WIX TO CUT 1,000 JOBS AMID STOCK COLLAPSE

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