Squarespace plans to cut about 300 jobs
Business · First reported 2 Nov, 16:50 · Updated 17:34
Squarespace is laying off 19% of its employees, affecting around 300 of its 1,800 workers, as it seeks to simplify operations. A separate report says the CEO’s staff memo covered the reasons for the cuts, severance details and roles most affected.
- Squarespace says the cuts will affect around 300 of its 1,800 employees, or 19% of its workforce.
- The company says it is making the cuts as it works to simplify its operations.
- A report about the CEO’s memo says it covered the reasons for the layoffs, severance details and the roles most affected.
Summary written by Lux AI from 2 articles
Key facts
- Share of employees affected
- 19%
- Estimated number of workers affected
- Around 300
- Reported workforce size
- 1,800 employees
- Company’s stated aim
- Simplify operations
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