Squarespace cuts about 300 jobs in 19 percent layoff

Squarespace is reducing its global workforce by about 19 percent, around 300 employees, in a restructuring the company says is meant to simplify how it operates.

Why it matters: The website builder is cutting staff as prompt-based AI site builders from rivals including Wix, Lovable and Google change what customers expect from the product.

Data as of TechCrunch report, read in full in this run, November 2, 2026, with the reduction confirmed to TechCrunch by a Squarespace spokesperson. Single-source report. Developing item.

Squarespace is laying off about 19 percent of its global workforce, around 300 employees, a spokesperson confirmed to TechCrunch on Monday. The company said the changes are intended to simplify how it operates, sharpen its priorities and let it move faster in its next phase of growth.

The cuts come as website building shifts toward AI tools that generate a site from a short prompt. Squarespace went public in 2021 at a 10 billion dollar valuation and was taken private again in 2024 in a 7 billion dollar private equity deal.

Squarespace cuts about 300 jobs in 19 percent layoff

Sources