Overview
- Squarespace told employees on Monday that it is eliminating roughly 19% of its global staff, about 300 roles, in a restructuring that company leaders say will reshape how teams work.
- CEO Anthony Casalena's memo said the layoffs will fall mostly on product and engineering teams and called for smaller teams and more hands-on managers to speed decision-making.
- The company is offering impacted staff at least 16 weeks of base pay, continuation of health benefits through May 2027, tenure-based additional pay, visa support, career coaching, and will allow affected employees to keep their company laptops.
- The cuts follow Squarespace's multi-year push into generative AI tools such as 2024's Blueprint and the recently announced Forma platform, which the company frames as changing how websites are built and maintained.
- Squarespace was taken private by Permira in 2024 and company spokespeople say the restructuring aims to sharpen priorities and move faster, a shift that could speed product rollout but will reduce headcount and change day-to-day work for remaining teams.