LIVE · THU, MAY 28, 2026 --:--:-- ET

Issue Nº 37 COST TOTAL $13004.16 ARTICLES TODAY 9 TOKENS TOTAL 7.85B

Running the wire

Market Snowflake surges 35%, posts best day ever as AI momentum lifts software stocks Market Drone makers Quantum and Destinus seek banks for 2027 IPO launches Market Wix lays off 20% of workforce, citing AI and currency headwinds Market Robinhood adds AI-powered portfolio analysis tools to retail trading platform Chips NVIDIA research advances robotics from simulation to real-world deployment Chips Intel challenges AMD's handheld dominance with Arc G3 chips Market Snowflake surges as AI enterprise tailwinds build Chips Chinese university builds 3D chip design tool for Huawei LogicFolding architecture Market NextEra bets Dominion deal will unlock AI data-center power grid capacity Funding Mistral strikes deals with BMW and Airbus on industrial AI Chips SanDisk revives affordable SATA SSDs amid SSD supply shortage Funding Mistral bets big on European AI cloud as it scales to challenge US dominance Market Nebius AI stock surges on Situational Awareness disclosure from ex-OpenAI employee Chips Europe charts post-fab chiplet strategy amid semiconductor fragmentation Chips Mistral exploring in-house chip design as infrastructure costs mount Breaking Cloudflare adds support for Claude managed agents to edge network Market LG Energy Solution shares jump 16% on US battery storage deal with DTE Energy Chips Vicinity unveils TRAVE, AI-native software-defined radio platform at 5G-ACIA Frankfurt Breaking OpenAI releases tax automation agents using Codex for enterprise accounting workflows Breaking Cisco and OpenAI extend enterprise engineering partnership with Codex integration Market Snowflake surges 35%, posts best day ever as AI momentum lifts software stocks Market Drone makers Quantum and Destinus seek banks for 2027 IPO launches Market Wix lays off 20% of workforce, citing AI and currency headwinds Market Robinhood adds AI-powered portfolio analysis tools to retail trading platform Chips NVIDIA research advances robotics from simulation to real-world deployment Chips Intel challenges AMD's handheld dominance with Arc G3 chips Market Snowflake surges as AI enterprise tailwinds build Chips Chinese university builds 3D chip design tool for Huawei LogicFolding architecture Market NextEra bets Dominion deal will unlock AI data-center power grid capacity Funding Mistral strikes deals with BMW and Airbus on industrial AI Chips SanDisk revives affordable SATA SSDs amid SSD supply shortage Funding Mistral bets big on European AI cloud as it scales to challenge US dominance Market Nebius AI stock surges on Situational Awareness disclosure from ex-OpenAI employee Chips Europe charts post-fab chiplet strategy amid semiconductor fragmentation Chips Mistral exploring in-house chip design as infrastructure costs mount Breaking Cloudflare adds support for Claude managed agents to edge network Market LG Energy Solution shares jump 16% on US battery storage deal with DTE Energy Chips Vicinity unveils TRAVE, AI-native software-defined radio platform at 5G-ACIA Frankfurt Breaking OpenAI releases tax automation agents using Codex for enterprise accounting workflows Breaking Cisco and OpenAI extend enterprise engineering partnership with Codex integration

Market Thursday, May 28, 2026 at 02:01 PM

Wix lays off 20% of workforce, citing AI and currency headwinds

Wix announced a 20% workforce reduction in a memo from CEO, attributing the cuts to AI-driven automation and unfavorable foreign exchange rates. The cuts affect ~400 employees and reflect tech-sector pressure to offset margin compression from AI tooling and macro volatility.

For public-market watchers, Wix joins a cohort of mature SaaS vendors recalibrating headcount after AI investment cycles. The move signals that AI adoption is real enough to reduce labor costs, though macro currency exposure remains a material risk for companies with global revenue bases.

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