Website builder Squarespace is reducing its workforce by 19 percent, impacting approximately 300 employees. This decision is part of an effort to simplify operations and sharpen company priorities. The company stated these changes are intended to position Squarespace for future growth. Affected employees will receive 16 weeks of pay and continued healthcare benefits. These layoffs follow Squarespace's recent AI integration and acquisition by Permira.
https://www.theverge.com/tech/1024447/squarespace-layoffs-19-percent