Overview
- Squarespace said Monday it will trim about 19% of its global workforce, cutting roughly 300 of its approximately 1,800 employees.
- A companywide memo from CEO Anthony Casalena said the reductions will mostly affect product and engineering as Squarespace moves to smaller teams and more 'player coaches'.
- Impacted employees will receive a minimum of 16 weeks of base pay, continuation of health benefits through May 2027, payment of a November RSU cash vesting where applicable, career coaching, and visa support.
- The memo said U.S. employees who are affected were being notified immediately by email and personal meetings while non-U.S. staff will get country-specific communications and support; employees may keep their company laptops.
- The cuts follow Squarespace’s 2024 rollout of Blueprint AI and its 2024 acquisition by Permira, and reflect a wider tech trend of firms reshaping teams as they adapt product strategies to new AI tools.