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 […]
Website-building platform Squarespace is reducing its workforce by 19 percent as it simplifies operations, according to a spokesperson for the company. Around 300 out of Squarespace's 1,800 employees will be affected by the job cuts. Jeff Seedman, a spokesperson for Squarespace, stated that the changes aim to streamline operations, prioritize key areas, and allow the company to move faster towards its next growth phase.
Seedman expressed gratitude to the employees leaving the company and mentioned that they will receive 16 weeks of base pay and healthcare benefits until May 2027. The layoffs occur roughly two years after Squarespace incorporated AI into its operations, introducing its Blueprint AI tool in 2024. This AI tool assists in website creation and generates content such as website copy, blog posts, product descriptions, and more.
Private equity firm Permira had recently completed its acquisition of Squarespace around the same time.
Written by urgent.news from The Verge's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Web host Squarespace lays off 19% of its employees techcrunch.com
