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Squarespace Cuts 19% of Staff

The software company is eliminating around 300 of its 1,800 employees as it simplifies operations.

Updated on Nov. 2, 2026 in Job Search

An empty swivel office chair pushed back from a desk beside a tall window, with a cardboard box on the floor in a quiet modern office.
Software company Squarespace is cutting about 300 of its 1,800 employees, or 19 percent of its workforce, as it simplifies operations after its 2024 acquisition by Permira. AI Illustration. Upload story photo >

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Squarespace is laying off 19 percent of its employees, affecting around 300 of its 1,800 workers. The company says the changes are intended to simplify operations and sharpen priorities.

Why it matters

The cuts come as Squarespace positions itself for its next phase of growth following its 2024 acquisition by private equity firm Permira. The company states the restructuring is meant to enable faster movement.

Affected employees receive 16 weeks of base pay and healthcare benefits through May 2027. Which teams were cut and how the reductions will reshape the workforce remain unspecified.

The players

Squarespace

Squarespace is a website building and hosting platform that offers tools for creating websites, online stores, and related services.

Permira

Permira is a private equity firm that closed its acquisition of Squarespace around 2024.

The details

Squarespace is providing comprehensive support to departing employees as part of the restructuring. The company has not detailed which functions were most affected.

Timeline

  1. 2024: Squarespace announced its Blueprint AI tool, and Permira closed its acquisition of the company.

  2. November 2, 2026: Squarespace announced the layoffs of 19 percent of its employees.

  3. May 2027: Healthcare benefits for impacted employees end.

Market Landscape

The cuts follow Squarespace's 2024 launch of Blueprint AI, which can build websites and generate website copy, blog posts, and product descriptions. The restructuring comes after Permira's acquisition, signaling a shift in priorities for the company.

Impacted workers receive 16 weeks of base pay and healthcare coverage through May 2027, which can help with the transition to new employment. Job seekers in the tech and software sectors may find the cuts shift the local hiring landscape.

The takeaway

Workers facing layoffs should review severance terms and benefit deadlines, such as healthcare coverage through May 2027, early in their job search.

Further reading

For broader context on hiring and layoffs, explore Job Search coverage.

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Do you trust tech companies to keep their services reliable after major layoffs?