Wix.com Ltd. (WIX) Form 6-K — Jun 8, 2026
Wix.com Ltd. announced a major organizational realignment involving a 20% workforce reduction, cutting approximately 1,000 jobs. The company cited the need to streamline operations and reallocate resources to support top strategic priorities, including scaling down or discontinuing certain activities and subsidiaries. The company lowered its FY 2026 outlook, expecting a $50 million reduction in bookings and a $25 million reduction in revenue compared to prior guidance.
Key figures
- Eps
- 0
- Eps Beat
- 0
- Revenue
- 0
- Guidance
- FY 2026 Free Cash Flow excl. acquisition/restructuring: ~$420M; Bookings Growth: Low-Teens% (down from Mid-Teens%); Revenue Growth: Low- to Mid-Teens% (down from Mid-Teens%); FCF Margin: High-teens%
- Net Income
- 0
- Total Debt
- 0
- Debt Amount
- 0
- Revenue Yoy
- 0
- Total Assets
- 0
- Cash Position
- 0
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 0
- Employees laid off
- 1000
- Fcf excl costs usd
- $420 million
- Fy2026 savings usd
- $70 million
- Revenue reduction usd
- $25 million
- Annualized savings usd
- $150 million
- Bookings reduction usd
- $50 million
- Restructuring charges usd
- $30-35 million
- Workforce reduction percent
- 20%
AI analysis
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