Wix to Lay Off About 1,000 Employees, Roughly 20% of Its Workforce, Citing Weak Q1 Results and Declining Stock Price

Wix plans to cut about 800 to 1,000 jobs over the coming months, its largest layoff round to date.

The move follows weak first-quarter results, rising marketing and AI-related costs, and a sharp share-price drop.

The cuts highlight growing pressure on the website-building platform to rein in spending as it invests more in AI.

Investor confidence has weakened, adding to scrutiny of Wix’s growth strategy and competitiveness against rivals like WordPress.