Wix

Wix, the Israeli-founded website building company, laid off 370 employees on February 15, 2023, representing over 6% of its then workforce of approximately 5,700. This marked a second round of cuts within six months, following 100 layoffs the previous September. The latest reductions primarily affected customer care departments in the U.S., leading to the closure of some service sites. The move is part of a broader $150 million cost-cutting plan, driven by operational difficulties and pressure from an activist investor, as the company adjusts after a period of rapid expansion during the pandemic.

Israeli website building platform Wix is laying off 100 employees, representing about 1.7% of its global workforce of approximately 6,000. This move, reported in August 2022, is part of a broader cost-cutting initiative aimed at improving operational efficiency amid a challenging economic environment marked by high volatility and uncertainty. The company's CFO cited a difficult environment for revenue growth, prompting a focus on strict cost management. This follows a previous round of layoffs in June when the company closed its subsidiary Wix Answers. Most of the affected employees in this latest round are based outside of Israel.