From TechCrunch · Lucas Ropek · · 1m 20s
Squarespace cuts 19% of workforce
The website builder lays off around 300 employees as AI-powered competitors reshape the industry.
In brief
The website builder lays off around 300 employees as AI-powered competitors reshape the industry. Squarespace laid off approximately 300 employees, or 19% of its workforce, as AI-powered website builders transform the market. Originally reported by TechCrunch.
Squarespace cuts 300 jobs
Squarespace is laying off approximately 19% of its global workforce, representing around 300 employees. The company said the restructuring will simplify operations and sharpen priorities.
“The changes are intended to simplify how we operate, sharpen our priorities and enable the company to move faster.”
AI website builders upend the market
Generative AI has transformed website building. So-called vibe-coding builders now let users create functional sites with simple prompts, requiring significantly less effort than before.
Rivals invest heavily in AI tools
Wix bought Base44 for 80 million dollars last year. Lovable raised a 400 million dollar Series C round in August, valued at 13.3 billion dollars. Google launched Stitch for swift UI design generation.
Squarespace pushes into AI
Squarespace launched an AI tool called Blueprint in 2024. The company recently announced Forma, an upcoming AI native platform that users can join a waitlist for.
From public to private
Squarespace went public in 2021 at a 10 billion dollar valuation but struggled to generate public market interest. The company went private again through a 7 billion dollar private equity deal in 2024.
The one thing
Squarespace laid off approximately 300 employees, or 19% of its workforce, as AI-powered website builders transform the market.
