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AI job cuts hit Wix as CEO cuts 20% of workforce after Q1 earnings miss
May 29, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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Wix will cut roughly 20% of its workforce, eliminating about 1,000 positions in the largest layoff in company history, the Israel-based website platform announced on Wednesday. The headcount reduction could slow product development and partner integrations, raising short-term risks for web3 and crypto-facing merchants and SaaS integrations and potentially dampening adoption and security-related support for crypto startups.
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Wix CEO Avishai Abrahami told employees on Wednesday the company is cutting roughly 20% of its workforce, eliminating about 1,000 positions in the largest layoff in the company’s history. The Israel-based company operates a platform that lets people and businesses build websites without writing code. He posted the announcement on X (formerly Twitter) and LinkedIn...
