Tech layoffs aren't going away anytime soon, with popular website builder Wix announcing that it would be cutting even more employees from its workforce.
It's no secret that companies have been cutting costs in response to the recession. From tech CEOS taking pay cuts to managers being asked not to manage anymore, these companies are doing anything they can to find ways to alleviate the stress of economic downturn.
Still, Wix has decided to stick to the old-fashioned methodology of cutting costs by firing substantial percentage of its employees. And it's not even the first time Wix has laid off employees in the last year.
Wix Announces Even More Layoffs
In a letter to Wix employees, president of the Israeli-based web services provider Nir Zohar announced that the company would be letting go of 370 employees, which amounts to about 6.5% of its workforce.
The Wix president also noted that because “the global economy has dramatically slowed down” that the company “must implement the required change in the way we are managed in order to adapt ourselves.”
“As a result of which Wix and all its rivals have experienced a global slowdown, the significance of which is that we need to staff a smaller customer service.”
Wix invested heavily in its customer service teams in hopes of helping the hordes of users that flocked to create new websites during the pandemic. However, with an economic downturn comes the sunsetting of websites for businesses that didn't make it, which means Wix is no longer in need of all these customer service representatives.
These layoffs come on top of the 100 employees that were let go in September 2022, which means that Wix has laid off nearly 10% of its workforce in just five months. So, what does this mean for the popular website builder?
Is Wix Still a Good Website Builder?
Layoffs can mean that a company isn't doing well, which might be a factor in deterring you from trying Wix as a website builder. However, in the current landscape of every company under the sun taking a look at cutting costs, it's safe to assume that Wix isn't in any danger of faltering that much.
In our website builder research, we actually found that Wix is the best website builder for small businesses, combining ease of use and functionality for an intuitive platform for building websites, whether they be for online stores or showcasing content.
So, while you might experience some longer wait times when it comes to customer service, we can assure you that Wix is still a good website builder for your company.