Squarespace to cut 19 percent of global workforce

Squarespace announced a restructuring plan on Nov. 2, 2026, that will result in the layoff of approximately 19% of its global workforce. The reduction affects roughly 300 employees out of a total staff of 1,800, with the cuts primarily impacting the company's product and engineering teams.

Founder and CEO Anthony Casalena addressed the staff in a memo, stating that the company must adapt its operating model to a modern era. He noted that the shift requires smaller teams and a simplified organizational structure to enable the company to move faster. Following the memo, Casalena held a brief, one-minute livestream for employees, and a future all-hands meeting is currently being planned.

Company spokesperson Jeff Seedman confirmed that the restructuring is intended to sharpen priorities and position the firm for its next phase of growth. The company, which was taken private by the private equity firm Permira in October 2024, explicitly rejected speculation that the layoffs were linked to plans for increased investment in AI infrastructure.

Impacted employees will receive a minimum of 16 weeks of base pay, with additional compensation provided based on tenure. The company is also offering healthcare coverage through May 2027, as well as career coaching, resume preparation, and job search assistance. Employees affected by the cuts are permitted to keep their company laptops, and the firm will provide continued support for staff currently on work visas.