Squarespace cuts about 300 jobs, or roughly 19% of its workforce
The website company says the restructuring is intended to simplify its operations and sharpen its priorities as it prepares for its next phase of growth.
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The website company says the restructuring is intended to simplify its operations and sharpen its priorities as it prepares for its next phase of growth.
Squarespace is cutting approximately 19% of its global workforce, affecting around 300 employees, company representative Jeff Seedman confirmed to TechCrunch in a November 2 report. Squarespace helps customers build and host websites.
The company went public in 2021 at a $10 billion valuation, then returned to private ownership through a $7 billion private equity deal in 2024.
Seedman said the changes are intended to simplify how Squarespace operates, sharpen its priorities and help it move faster as it positions itself for its next phase of growth.
The cuts come as website-building companies offer tools using generative artificial intelligence (AI). TechCrunch reports that some website builders can create functional front-end designs from simple user prompts. TechCrunch described those tools as changing the industry; Seedman’s explanation for the cuts focused on the company’s operations and priorities.
Squarespace launched an AI tool called Blueprint in 2024. It has also announced Forma, an upcoming AI-native platform for which users can join a waitlist.
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