The Israeli website building platform is shedding 2% of its work force, with most of the layoffs abroad.
Israeli website building platform Wix.com Ltd. (Nasdaq: WIX) is laying off 100 employees, most of them abroad, sources inform “Globes.” At the end of 2021, Wix had 5,929 employees, with nearly 3,000 of them in Israel. The company declined to respond on the matter.
Wix, which allows customers to build and manage websites, will publish its second quarter financial results tomorrow and analysts forecast a non-GAAP net loss earnings per share of $0.42. The company itself has forecast revenue of $342-346 million, 8%-10% higher than the corresponding quarter of 2021.