Squarespace cuts about 19% of global workforce, roughly 300 jobs
The restructuring is meant to simplify operations and sharpen priorities, Squarespace said, as its AI-native Forma platform waits in the wings.
Squarespace is cutting roughly 19% of its global workforce, about 300 employees, as part of a restructuring, the company said on November 2, 2026.
The web hosting and website building company said the move aims to simplify operations, sharpen priorities and speed the company up for its next phase of growth.
Squarespace recently announced Forma, an upcoming AI-native platform that is currently collecting a waitlist. The company did not link the restructuring to Forma or to any other product line.
Contacted by techcrunch.com, Squarespace's public relations specialist Jeff Seedman represented the company on the restructuring.
An AI-heavy recent history
The layoffs land after several years in which Squarespace has leaned on AI features. In 2024, it launched an AI tool called Blueprint. The company was founded in 2004, went public in 2021 at a $10 billion valuation and went private again through a $7 billion private equity deal in 2024.
Its rivals have made comparable moves. Last year, web host Wix bought Base44 for $80 million. In August, Lovable raised a $400 million Series C round at a $13.3 billion valuation, and Google recently launched Stitch, a feature for quickly generating user interface designs.
Quick answers
How many jobs is Squarespace cutting?
About 300 employees, roughly 19% of its global workforce, according to the company.
Why is Squarespace laying off staff?
Squarespace said the restructuring aims to simplify operations, sharpen priorities and speed the company up for its next phase of growth.