Wix.com (WIX) Is Down 17.9% After Job Cuts And Lower Guidance Amid AI Push - Has The Bull Case Changed?
Wix.com recently announced a significant organizational realignment, including cutting about 20% of its workforce and trimming its 2026 revenue and bookings guidance, despite a push into AI commerce. This news has led to a 17.9% drop in its stock, raising questions about the previously optimistic investment narrative and whether its AI initiatives can drive profitable growth. Investors are now re-evaluating if the projected AI-powered upside is still realistic given the new guidance and competitive pressures.
https://simplywall.st/stocks/us/software/nasdaq-wix/wixcom/news/wixcom-wix-is-down-179-after-job-cuts-and-lower-guidance-ami