Wix.com Cuts 1,000 Jobs, Boosts FY26 FCF Outlook to $420M

Key Highlights

• Wix.com announced an organizational realignment, including a 20% (1,000 employees) reduction in its workforce.
• The company increased its FY 2026 free cash flow outlook (excluding acquisition and restructuring costs) by $20 million to approximately $420 million.
• Wix.com expects an approximately $50 million reduction in FY 2026 bookings due to realignment and a slowdown in the Partners business.
• The company anticipates an approximately $25 million reduction in FY 2026 revenue.
• Wix.com expects approximately $70 million in non-GAAP cost of revenue and operating expense savings for FY 2026.
• The full year run rate of savings from the organizational realignment is expected to be approximately $150 million.
• The company estimates pre-tax restructuring charges of $30-35 million, primarily for severance.
• FY 2026 Y/Y Bookings Growth outlook was revised from Mid-Teens % to Low-Teens %.
• FY 2026 Y/Y and Q2 Revenue Growth outlook was revised from Mid-Teens % to Low- to Mid-Teens %.