Wix Layoffs
August 2022
Wix announced a layoff affecting 100 employees in August 2022. The company operates in the Marketing sector.
100
Aug 9, 2022
About
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.
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