Wix CEO Cites 'Fast Evolution of AI Capabilities' in Announcement of 20% Workforce Cut

Wix CEO cites 'fast evolution of AI capabilities' in announcement of 20% workforce cut

Wix says Dollar-Shekel currency issues and rapid AI developments are behind its decision to cut 20% of its headcount.

Wix CEO sends startling message to employees on AI

It was posted on X (the former Twitter). It was sent simultaneously to every employee. It was one of the most direct public explanations a tech CEO has given for cutting a fifth of their workforce. What Wix (WIX) CEO…

Cloudflare CEO says company doesn’t need ‘measurers’; Wix chief says job cuts are directly due to AI

ClickUp’s CEO focuses on humanity in an AI-related layoff note. Greetings, comms pros! Let’s take a look at a few news stories from the last week and see what we can learn from them. This week, we’ve got three layoff comms-related stories with CEOs laying out their reasoning for the staff reductions. One news item talks about a CEO commenting on employees he feels AI is making obsolete, while another affirms the value of a human approach despite…