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Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown
Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown
Website builder Wix announced an "organizational realignment" on Monday that will cut roughly 20% of its workforce, as the company warned of a sharper-than-expected slowdown in its Partners business.
The restructuring is designed to streamline operations, discontinue lower-priority initiatives, and reallocate resources toward Wix's core growth areas.
"The organizational realignment to streamline operations and reallocate resources to support the Company's top strategic priorities. This includes the scaling down and/or discontinuation of certain activities, initiatives, products, and subsidiaries," Wix wrote...
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Jul 5, 2026 / Dave DeCamp
US Bombs Somalia for 70th Time This Year
US Africa Command on Sunday announced that its forces launched another airstrike in Somalia as the Trump administration continues its record-shattering bombing campaign in the country. The command said that the strike was launched on July 3 and targeted al-Shabaab in the vicinity of Farsooley, a town about 55 miles west of Mogadishu. AFRICOM offered […]
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Aug 14, 2026 / Tyler Durden
Where Child Poverty Is Highest (And Lowest) In The OECD
Where Child Poverty Is Highest (And Lowest) In The OECD
Child poverty rates vary widely across OECD economies, ranging from less than 5% in Finland to nearly 30% in Costa Rica.
This visualization, via Visual Capitalist's Melissa Garside, ranks OECD countries by the share of children ages 0–17 living below the poverty line in 2023. The poverty line is defined as half the median household income of the total population, meaning the measure is relative to living standards within each country. As a result, countries with the same poverty rate can...
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Jul 9, 2026 / Tyler Durden
Bloom Energy Defends Supply Chain, Calls Hunterbrook Report "False And Misleading"
Bloom Energy Defends Supply Chain, Calls Hunterbrook Report "False And Misleading"
Bloom Energy is responding forcefully against allegations made by short seller Hunterbrook Capital, rejecting the firm's claims about its accounting, supply chain and growth prospects a day after a report sent shares sharply lower.
The clean energy company said Thursday that Hunterbrook's assertions regarding its financial reporting and access to critical raw materials are "false and misleading," according to a statement reported by Bloomberg.
The response comes after Hunterbrook published an investigation on July 8 that questioned Bloom's independence from Chinese...
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