Wix.com announced it is eliminating 20% of its workforce as part of a broader organizational restructuring, the website-building platform said in a recent disclosure.

The company stated it is scaling back parts of its business operations as part of what it described as a broader organizational realignment. The restructuring moves are expected to have negative effects on the company's financial performance in the coming years.

Specifically, Wix indicated that the changes will weigh on both bookings and revenue growth projections for 2026. The web-services platform did not immediately provide details about which specific business segments would be most affected by the scaling back.

The announcement represents a significant reduction in Wix's workforce as the company adapts its operations amid changing market conditions. Website-building platforms have faced increased competition and shifting demand patterns in recent years.

Wix has not disclosed the total number of employees affected by the layoffs or provided a timeline for when the workforce reductions will be completed. The company also lowered its business outlook in conjunction with announcing the restructuring plans.