Squarespace lays off 19 percent of its staff
About 300 of the website-building platform's 1,800 employees are affected as the company restructures its operations.
Key facts
Story- Squarespace is cutting about 300 of its 1,800 employees, or 19 percent of its workforce.
- The company says the changes aim to simplify operations and sharpen its priorities.
- Affected employees will receive support through the transition, a spokesperson said.
Squarespace, the website-building platform, is laying off 19 percent of its employees. The job cuts are part of a broader restructuring. Around 300 of its 1,800 staff are affected.
Spokesperson Jeff Seedman said in a statement that the changes are meant to simplify how the company operates. He said they will sharpen its priorities and help it move faster as it prepares for its next phase of growth. "We are grateful for the contributions of our departing colleagues and are providing comprehensive support to help them through the transition," Seedman said.
He added that the affected employees will receive support during the transition.
Squarespace described the layoffs as one part of a broader reorganisation of the company. The company has not said which teams or roles were hit hardest. Nor has it said whether further cuts are planned.
What is not yet known is which roles and regions are affected, and how the restructuring will change the company's products over time.
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