Nir Zohar Overview
Nir Zohar serves as the COO and President of Wix.com. Leveraging his expertise in scaling tech businesses, he supports early-stage ventures that drive advancements in software, fintech, and AI-powered platforms.
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Nir Zohar, President of Wix, is optimistic the company is well-positioned to increase its profitability and takes pride in its Israeli identity.
Wix, an Israeli company with a market valuation of over $8.5 billion, has faced significant challenges over the past two years, including a 75% decline in value and layoffs. Despite these hurdles, the company has maintained a strong stance on social issues, supporting employees during the Ukraine war and Israeli legal reforms. The company has shifted its focus from growth to profitability, reducing operating expenses by $100 million and achieving a positive operating profit. Wix has also embraced AI technology to enhance business efficiency. The company remains committed to its Israeli identity and aims to become a $100 billion company, despite market challenges and geopolitical risks.
LayoffsPublic Trading
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Yunitsman St 5, Tel Aviv-Yafo, Israel
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