# Wix Is the Latest To Cut 20% of Jobs While Citing AI
robot (spnet, 1) → All – 20:22:01 2026-05-29
Wix is laying off roughly 20% of its workforce, about 1,000 employees, as CEO Avishai Abrahami cites both the rapid evolution of AI and currency pressure from a stronger Israeli shekel against the dollar. The web developer joins a growing list of tech companies making similar cuts, including Amazon, Block, Cisco, Cloudflare, Meta, Microsoft, Oracle and Intuit. Fast Company reports: "We have witnessed the most significant shift in how companies are built since the invention of modern programming languages in the 1970s," [wrote Abrahami]. "This is not just about adopting new tools -- it is about rewiring how companies are built, how they think, how they manage, and how they operate. Companies that embrace this change will not only build faster; they will build things the previous generation literally could not have imagined."
Abrahami also cited the poor exchange rate between the Israeli shekel and the U.S. dollar. The Israeli currency has significantly strengthened in the past few quarters against a weakening dollar, and the shekel is up nearly 30% against the greenback over the last year.
"As the majority of our teams are Israel-based, a very meaningful portion of our costs are shekel-denominated, while our revenue is largely dollar-denominated," Abrahami explained on X. "This creates a structural pressure on our ability to operate at our current scale. It is a reality that directly shapes what is sustainable for our company."
[ Read more of this story ]( https://slashdot.org/story/26/05/28/2113232/wix-is-the-latest-to-cut-20-of-jobs-while-citing-ai?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
robot (spnet, 1) → All – 20:22:01 2026-05-29
Wix is laying off roughly 20% of its workforce, about 1,000 employees, as CEO Avishai Abrahami cites both the rapid evolution of AI and currency pressure from a stronger Israeli shekel against the dollar. The web developer joins a growing list of tech companies making similar cuts, including Amazon, Block, Cisco, Cloudflare, Meta, Microsoft, Oracle and Intuit. Fast Company reports: "We have witnessed the most significant shift in how companies are built since the invention of modern programming languages in the 1970s," [wrote Abrahami]. "This is not just about adopting new tools -- it is about rewiring how companies are built, how they think, how they manage, and how they operate. Companies that embrace this change will not only build faster; they will build things the previous generation literally could not have imagined."
Abrahami also cited the poor exchange rate between the Israeli shekel and the U.S. dollar. The Israeli currency has significantly strengthened in the past few quarters against a weakening dollar, and the shekel is up nearly 30% against the greenback over the last year.
"As the majority of our teams are Israel-based, a very meaningful portion of our costs are shekel-denominated, while our revenue is largely dollar-denominated," Abrahami explained on X. "This creates a structural pressure on our ability to operate at our current scale. It is a reality that directly shapes what is sustainable for our company."
[ Read more of this story ]( https://slashdot.org/story/26/05/28/2113232/wix-is-the-latest-to-cut-20-of-jobs-while-citing-ai?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
# Blue Origin Rocket Exploded Thursday Night During Hot-Fire Test
robot (spnet, 1) → All – 19:22:01 2026-05-29
Spaceflight Now shared their video of the explosion, which the Orlando Sentinel describes as showing Blue Origin's rocket "become engulfed in flames. The fireball expands out and covers the entire launch pad as the fuselage of the rocket can be seen crumbling into the flames."
Blue Origin founder Jeff Bezos said on X.com "It's too early to know the root cause but we're already working to find it. Very rough day, but we'll rebuild whatever needs rebuilding and get back to flying. It's worth it." (SpaceX founder Elon Musk posted "Sorry to see this, I hope you recover quickly.")
It's unclear how this will impact future launches. "The rocket was destroyed," reports CBS News, "and as the smoke cleared, there was no sign of the erector-gantry used to move the New Glenn from its hangar to the pad and to raise it from horizontal to vertical. Likewise, one of two tall lightning towers was no longer visible."
It was the first such on-pad explosion at the Cape since a SpaceX Falcon 9 rocket blew up on nearby pad 40 on Sept. 1, 2016... Blue Origin only has one New Glenn pad, the one that was damaged in the Thursday test. The New Glenn, which has launched three times, is a heavy lift rocket designed to compete head-to-head with SpaceX Falcon 9 and Falcon Heavy rockets. During New Glenn's most recent flight in April, an upper stage malfunction prevented a commercial internet satellite from reaching its planned orbit...
The New Glenn destroyed Thursday was to send 48 Leo internet satellites owned by Amazon into space [which were not on board for the hot-fire test]
Blue Origin posted on X.com that "Debris from our recent hotfire anomaly may wash ashore in the coming days/weeks. If you encounter any debris, do not touch or approach it for your safety."
"Spaceflight is unforgiving, and developing new heavy-lift launch capability is extraordinarily difficult..." NASA Administrator Jared Isaacman posted on X.com.
"âWe will provide information on any impacts to the Artemis and Moon Base programs as it becomes available."
>> Читать далее
robot (spnet, 1) → All – 19:22:01 2026-05-29
Spaceflight Now shared their video of the explosion, which the Orlando Sentinel describes as showing Blue Origin's rocket "become engulfed in flames. The fireball expands out and covers the entire launch pad as the fuselage of the rocket can be seen crumbling into the flames."
Blue Origin founder Jeff Bezos said on X.com "It's too early to know the root cause but we're already working to find it. Very rough day, but we'll rebuild whatever needs rebuilding and get back to flying. It's worth it." (SpaceX founder Elon Musk posted "Sorry to see this, I hope you recover quickly.")
It's unclear how this will impact future launches. "The rocket was destroyed," reports CBS News, "and as the smoke cleared, there was no sign of the erector-gantry used to move the New Glenn from its hangar to the pad and to raise it from horizontal to vertical. Likewise, one of two tall lightning towers was no longer visible."
It was the first such on-pad explosion at the Cape since a SpaceX Falcon 9 rocket blew up on nearby pad 40 on Sept. 1, 2016... Blue Origin only has one New Glenn pad, the one that was damaged in the Thursday test. The New Glenn, which has launched three times, is a heavy lift rocket designed to compete head-to-head with SpaceX Falcon 9 and Falcon Heavy rockets. During New Glenn's most recent flight in April, an upper stage malfunction prevented a commercial internet satellite from reaching its planned orbit...
The New Glenn destroyed Thursday was to send 48 Leo internet satellites owned by Amazon into space [which were not on board for the hot-fire test]
Blue Origin posted on X.com that "Debris from our recent hotfire anomaly may wash ashore in the coming days/weeks. If you encounter any debris, do not touch or approach it for your safety."
"Spaceflight is unforgiving, and developing new heavy-lift launch capability is extraordinarily difficult..." NASA Administrator Jared Isaacman posted on X.com.
"âWe will provide information on any impacts to the Artemis and Moon Base programs as it becomes available."
>> Читать далее