#layoffs

#layoffs

Wix is laying off approximately 1,000 employees, roughly 20% of its workforce, in the largest round of cuts in the company's history. CEO and co-founder Avishai Abrahami announced the decision on 28 May in a message posted publicly on X and sent simultaneously to all staff. He framed the restructuring as a company-wide change driven by two forces: a currency mismatch that is making the company's Israeli workforce increasingly expensive in dollar terms, and a fundamental shift in how software companies need to operate in the age of AI.

REI's Soho flagship has an official end date - according to Crain's, the 35,000-square-foot Puck Building storefront will close on July 23. As the company kicked off its annual Memorial Day sale (which the REI union asked co-op members to boycott), Crain's picked up a Department of Labor filing that revealed the outdoor-goods store's plans to shutter and lay off its 72 employees in late July, right in the middle of summer camping season.

The board said the cuts are part of its attempts to modernize the number of central administration staff to ensure its resources remain in schools and classrooms. "These changes are part of the TDSB's broader efforts to protect classroom learning, support student achievement and restore long-term financial sustainability," the statement reads.

"We recently made an organizational restructuring to better align the company's structure and investments with our long‑term strategy. While these decisions are difficult, they position Arctic Wolf to operate more efficiently, continue investing in our Superintelligence platform and Agentic SOC, and deliver strong value to customers."

Build A Rocket Boy has reportedly let go a large number of employees in its latest round of layoffs, with estimates suggesting roughly 170 members have been affected.