Wix.com Slashes 20% of Staff, Lowers Outlook as Restructuring Continues

Dow Jones

Jun 08

By Adriano Marchese

Wix.com is slashing about one-fifth of its workforce and 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.

The website-building and web-services platform said that it is cutting around 1,000 employees, or roughly 20% of its workforce.

The layoffs are part of a company-wide push to streamline operations and refocus resources strategically. Wix said this will include scaling down or discontinuing certain initiatives, products, and subsidiaries.

The company said that organizational changes are expected to reduce bookings by about $50 million and revenue by around $25 million.

Wix now expects full-year bookings to grow in the low-teens percentage rate, down from previous expectations of mid-teens percentage growth. Full-year and second-quarter revenue growth were also downgraded to low- to mid-teens percentage growth from mid-teens.

Analysts polled on FactSet expect revenue to grow to $2.28 billion from $1.99 billion a year earlier, which represents a rise of just over 14%.

The company added that it now expects 2026 free cash flow to be $20 million higher at $420 million--a figure which excludes acquisition and restructuring costs.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 08, 2026 09:42 ET (13:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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