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24/7
Headlines
16:28
Full list of Israeli high-tech layoffs in 2024
16:26
Bluevine cuts 100 jobs in second round of layoffs in six months
15:20
What’s behind China’s late investigation into Nvidia’s acquisition of Mellanox?
15:00
Astrix Security nets $45M Series B led by Menlo and Anthropic to enhance AI era identity protection
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1
Thoma Bravo cashes in with $372M sale of CyberArk shares after stock surge
2
AI startup Aporia in talks to be acquired for tens of millions of dollars
3
Ibex Investors rocked by departure of key Israeli partners
4
Defense tech VC Protego raises $70M in just two weeks, sets sights on $200M
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Riverside nets $30M Series C as Oren Zeev and Alexis Ohanian double down on content creation platform
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Wix
20 stories about Wix
Wix returns to $10 billion valuation amid strong revenue growth
20.11.24
|
Sophie Shulman
Bookings rise 15% as the company accelerates its path to $2 billion in annual revenue.
“I'd like Wix to become a $100 billion company”
07.10.24
|
Diana Bahur-Nir
Nir Zohar, President of Wix, which is traded at a valuation of over $8.5 billion, is optimistic the company is well-positioned to increase its profitability. He takes pride in its Israeli identity, is unafraid to express a clear stance on the fight for democracy, and has an optimistic outlook even after the events of October 7.
Wix surprises with consistent double-digit growth, boosts annual forecast
07.08.24
|
Sophie Shulman
The Israeli website-building company continues to demonstrate a double-digit growth rate, with the fastest-growing segment being revenue from business partners who create websites for their clients. Wix more than doubled its operating profit in the second quarter, and revenues increased by 12%.
Wix VP: “With AI you can get the same visual content that the big guys are getting.”
03.07.24
|
James Spiro
Oren Inditzky, VP and GM of Online Stores at Wix, spoke to CTech about the democratization of sales in the AI age
Wix increases profit, upgrades forecast for 2024
20.05.24
|
Sophie Shulman
Wix's revenues in the first quarter amounted to $419.8 million, while GAAP net income reached $24 million
Wix registers first full year net profit, forecasts acceleration in “profitable growth in 2024”
21.02.24
|
Sophie Shulman
The software company ended 2023 with revenues of $1.56 billion, a 13% growth compared to 2022. GAAP net income amounted to $33.1 million
Israeli software companies thrive amidst macroeconomic transformation
06.08.23
|
Sophie Shulman
Growth and cash reserves bolstered the bottom line in the financial reports of Wix, Fiverr, JFrog, and even Lemonade
Wix’s quick fix: Website builder increases full year growth outlook after cutting 18% of workforce
17.05.23
|
Sophie Shulman
Wix reported a 10% growth in first quarter revenues to $374 million and now expects to end the year with 10-11% revenue growth, compared to 9% in its previous outlook
The Wix fix: “We began implementing further cost efficiency measures; reduced headcount by 15%"
22.02.23
|
Sophie Shulman
Wix laid off around 370 employees last week, most of them in support centers in the US. On top of the $150 million cost reduction plan announced in August 2022, the company is implementing an incremental $50 million of cost savings in 2023
Wix cuts another 370 jobs in second round of layoffs in six months
15.02.23
|
Sophie Shulman
The website building company will part with over 6% of its workforce, with most of the layoffs being made in the customer care department
Wix announces $150 million cost-cutting plan as bragging backfires
11.08.22
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Sophie Shulman
Just three months ago the company's CEO boasted on social media that the only cuts he will be making will be in the brand of alcohol at the company, but this week it already announced the laying off of 100 employees
The hits keep coming: Plummeting tech giants turn focus to profitability and streamlining in turbulent times
19.05.22
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Sophie Sulman
Following the collapse in technology stocks, the Israeli representatives on Wall Street changed their tone and began to talk about profitability and efficiency instead of glorifying growth
“Globalization is a very big question, and localization is an even bigger question”
01.05.22
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James Spiro
Amit Sagiv, Co-Head of Wix Payments at Wix, shares how the company can accommodate the needs of billions around the world
“DevOps is a culture, it's not a job description”
20.03.22
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James Spiro
Aviran Mordo, Wix’s VP of Engineering, talks about the dev-centric culture it fosters for its 1,200 engineers
Russia-Ukraine conflict presenting Israeli tech with real-world challenges
27.02.22
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Sophie Shulman
While the world’s eyes are glued to the news, Israeli high-tech companies with centers in the Ukraine attempt to move hundreds of their workers out of the country
Filling the Israeli tech talent pool
04.10.21
|
Daniel Farber-Ball
Tech recruitment has become a nationwide concern, so how do the heads of Wix, Fiverr, and other top companies face the challenge?
Tasq.ai raises $4 million in Seed led by former Wix exec
30.09.21
|
James Spiro
The Israeli startup’s AI development platform will “completely upend the way AI is built,” promises CEO
“Get out of your comfort zone and go for it”
24.07.21
|
Daniel Farber-Ball
Oren Rubin, who founded test automation app company Testim after working at both Wix and Applitools, believes the recent wave of IPOs will allow employees to pursue new ventures more easily
PropTech startup Bllink raises $1.6 million led by Wix executives
07.07.21
|
James Spiro
The Israeli startup’s platform allows buildings and their committees to manage and execute all building payments digitally and automatically
Wix acquires Rise.ai to expand its e-commerce activities
05.05.21
|
James Spiro
Rise.ai has had partnerships with Facebook and Google to help provide companies with online gift card solutions
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