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Wix stated that it has reduced its revenue expectations by $25 million and expects about a $50 million reduction in bookings for 2026.

The website-building and web-services platform said that it is scaling back parts of its business as part of a broader organizational realignment, moves that are expected to weigh on bookings and revenue growth in 2026.

Wix (NASDAQ: WIX), a dog of a company, laid off 1,000 people and said the primary reason was “fast evolution of AI capabilities.” Currency exchange rates were given as another reason Wix is doing poorly enough that it may have had to make the cuts anyway. It had 5,200 workers before the cuts. Wix is ... AI Layoffs Strike Again, As Company Dumps 1,000 Workers

JERUSALEM, May 28 (Reuters) - Israel's Wix.com, which helps small businesses build and operate websites, is laying off 20% of its workforce, or more than 1,000 workers, CEO Avishai Abrahami said on

Israel's Wix.com, which helps small businesses build and operate websites, is laying off ‌20% of its workforce, CEO Avishai Abrahami said on ‌Thursday, citing a strong shekel versus the dollar and the rapid evolution of ​AI. The shekel has appreciated nearly 30% against the dollar over the last year to reach a 33-year peak.

The Dow Jones Industrial Average was down, while the Nasdaq Composite and the S&P 500 Index were up

The web development platform reports weaker-than-expected quarterly results as artificial intelligence disrupts the industry.

Wix.com (WIX) delivered earnings and revenue surprises of -44.00% and -0.48%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?