‘Will be saying goodbye to many friends’: Read Wix CEO Avishai Abrahami’s memo about cutting 20% of team
Vickers CEO Avishai Abrahami announced a major restructuring, including approximately 20% layoffs. In a memo sent to the entire team, Abrahami explained that the decision was driven by two main factors: the unfavorable shekel-to-dollar exchange rate that affected costs in Israel, and the rapid development of artificial intelligence capabilities. Avishai Abrahami, co-founder and CEO of … Read more