Wix.com Ltd.
No SEC Form 4 filings for $WIX in the last 30 days.
Australian shares were modestly lower on Wednesday, extending Tuesday’s decline. The S&P/ASX 200 fell 0.19% to 8,641.70, with financials weaker and miners higher. BHP and Fortescue rose over 1% each; NAB dropped nearly 2%. The Aussie dollar traded at $0.718. Wall Street was mixed, while WTI crude fell to $93.88.
Wix says it plans layoffs affecting 800-1,000 employees, about a quarter of its workforce, as it increases AI investment. The company reported 14% quarterly revenue growth but a $57.5 million net loss, and said a $1.6 billion buyback reduced cash to $900 million. Wix acquired Base44 ($80 million) and Hour One.
Wix.com plans to lay off 800–1,000 employees, according to sources cited by Globes, in its largest downsizing. The cuts will affect Israel and other locations. The move follows Wix ending its hybrid work model and is linked to broader restructuring. Globes notes Wix’s Q1 revenue rose 14.3% to $541m, but it posted a net loss and shares fell 5% after results.
