# Squarespace cuts 19% of workforce

> The website builder lays off around 300 employees as AI-powered competitors reshape the industry.
- Title: Squarespace cuts 19% of workforce · TechCrunch | Shortify
- Summary: The website builder lays off around 300 employees as AI-powered competitors reshape the industry. Squarespace laid off approximately 300 employees, or 19% of…
- Keywords: squarespace, layoffs, website builders, vibe coding, wix, lovable, technology, startups, cuts, workforce, TechCrunch
- Source: TechCrunch — https://techcrunch.com/2026/11/02/web-host-squarespace-lays-off-19-of-its-employees
- Author: Lucas Ropek
- Published: 2026-11-02T19:25:59+00:00
- Read time: 1 min
- Topics: squarespace, layoffs, website builders, ai, vibe coding, wix, lovable, technology, startups
## 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.
## Key takeaway

Squarespace laid off approximately 300 employees, or 19% of its workforce, as AI-powered website builders transform the market.