Squarespace Cuts 19% of Staff, Eliminating About 300 Jobs in AI-Driven Restructuring
Updated
Updated · TechCrunch · Nov 2
Squarespace Cuts 19% of Staff, Eliminating About 300 Jobs in AI-Driven Restructuring
1 articles · Updated · TechCrunch · Nov 2
Summary
Squarespace is eliminating about 300 roles—roughly 19% of its global workforce—as it restructures to simplify operations and move faster.
The company said the cuts are meant to sharpen priorities and position it for its next growth phase as AI reshapes website creation.
Generative AI tools and prompt-based "vibe-coding" builders have lowered the effort needed to launch sites, intensifying pressure on traditional website platforms.
Squarespace has already rolled out AI tool Blueprint and announced Forma, while rivals and newcomers have escalated competition through deals, fundraising and new product launches.
The layoffs hit a company that went public at a $10 billion valuation in 2021 before returning private in a $7 billion buyout in 2024.