The website builder plans its largest layoff ever, reducing headcount by a fifth amid post-earnings restructuring.
Wix will eliminate approximately 1,000 roles, or 20% of its workforce, in the coming months. The move marks the company’s largest layoff to date and follows recent earnings results.
Reports indicate the cuts aim to streamline operations after a period of rapid hiring. Wix had not previously announced layoffs of this scale, though tech sector job reductions have accelerated in 2024.
Shares of Wix, which trades on the Nasdaq, have not yet reacted to the news as markets await official confirmation.