Read the Squarespace CEO's memo about laying off 19% of staff
Squarespace's CEO outlined in a memo to staff the reasons for the layoffs, severance details, and the roles most affected.
Website-builder Squarespace announced on Monday that it is laying off 19% of its workforce, which amounts to around 300 employees. In a companywide memo, CEO Anthony Casalena explained that the majority of the cuts would affect the product and engineering teams. Casalena emphasized that the changes are necessary to adapt to the evolving landscape and modern era.
He elaborated on the new organizational model, describing it as smaller teams, more player coaches, and a simplified structure. Affected staff members will receive a minimum of 16 weeks of base salary, plus additional weeks based on tenure, payment for the vesting of the legacy RSU cash award, continuation of benefits through May 2027, and career coaching.
Employees on work visas will also receive additional support. The company will also allow affected employees to keep their Squarespace laptops. Casalena acknowledged that the layoffs were a difficult decision, but highlighted the need for the organization to evolve to meet the changing demands of the industry.
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