Web host Squarespace lays off 19% of its employees
The website builder said that the job losses are part of a broader restructuring of its organization.
via TechCrunchReported by 2 outlets
Squarespace cuts roughly 300 jobs in broad corporate restructuring
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Website building platform Squarespace is eliminating approximately 19% of its global workforce, cutting around 300 jobs out of its roughly 1,800 employees. [1][2]
The downsizing follows Squarespace's return to private ownership through a $7 billion private equity deal in 2024, after struggling to sustain public market enthusiasm following its 2021 market debut at a $10 billion valuation. The cuts also arrive amid intensifying pressure across the web development sector from generative artificial intelligence tools. While rival Wix spent $80 million to acquire Base44 last year, Squarespace has been pursuing its own AI initiatives, including its Blueprint tool introduced in 2024 and an upcoming AI-native platform called Forma. [1]
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Squarespace is laying off 19 percent of employees
The website-building platform Squarespace is laying off 19 percent of its employees as it works to "simplify" its operations, Squarespace spokesperson Jeff Seedman says in a statement to The Verge. The job cuts will affect around 300 of Squarespace's 1,800 employees. "The changes are intended to simplify how we operate, sharpen our priorities and enable…
via The Verge