Wix.com layoffs, on the record
Every job cut, severance charge and restructuring Wix.com reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 5,302 | As of December 31, 2023 |
| 20-F for 2024 | 5,283 | As of December 31, 2024 |
| 20-F for 2025 | 5,340 employees and contractors | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryImplemented cost reduction measures under a Plan, including a workforce reduction of about 7 percent, mainly in Customer Care, plus facility optimization.
Word for word“During the year ended December 31, 2023, the Company implemented and substantially completed significant cost reduction measures (referred to below as the “Plan”), as part of its ongoing focus on operational efficiency and efforts to enhance gross margins, operating leverage, and free cash flow.” 20-F for 2023
Our summaryWorkforce reduction of about 7 percent, primarily within the Customer Care function, as part of the Plan.
Word for word“Key initiatives taken during 2023 included a workforce reduction of approximately 7 %, primarily within the Customer Care function, alongside facility optimization measures to right-size the Company’s office footprint and better align it with its operating needs.” 20-F for 2023
Our summaryRecorded employee severance costs and right-of-use asset impairment tied to the Plan, with cash payments made in 2023.
Word for word“These costs are comprised of impairment of ROU assets and related leasehold improvements of $ 25,905 , triggered by the Company's decision to cease using and marketing certain leased office facilities for sublease, employee severance costs of $ 4,504 , and other associated costs of $ 2,205 .” 20-F for 2023
Our summaryThe company recorded total costs for the 2023 cost reduction plan, including asset impairment, employee severance and other costs.
Word for word“The Company incurred total costs of $ 32,614 in connection with the Plan during the year ended December 31, 2023, which were included in impairment, restructuring and other costs in the statement of comprehensive income.” 20-F for 2025
Our summaryThe 2023 plan costs included employee severance costs, along with lease asset impairment and other costs.
Word for word“These costs were comprised of impairment of ROU assets and related leasehold improvements of $ 25,905 , triggered by the Company's decision to cease using and marketing certain leased office facilities for sublease, employee severance costs of $ 4,504 , and other associated costs of $ 2,205 .” 20-F for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2016-12-31 | $5.4 million |
| 2017-12-31 | $7.8 million |
| 2018-12-31 | $9.5 million |
| 2019-12-31 | $12 million |
| 2020-12-31 | $15.7 million |
| 2021-12-31 | $22.4 million |
| 2022-12-31 | $25 million |
| 2023-12-31 | $22.5 million |
| 2024-12-31 | $25 million |
| 2025-12-31 | $28.2 million |
Wix.com has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Wix.com’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.