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1 / 3Squarespace lays off 19% of its staff as AI site builders eat its market×

The cut

Squarespace is cutting about 19% of its workforce, around 300 people, the company confirmed to TechCrunch on Monday, saying it wants to simplify operations and move faster.

The market

The company that sold drag-and-drop websites now competes with tools that build a site from a sentence: Lovable raised at $13.3 billion in August.

The company

Squarespace was taken private for $7 billion in 2024 and has an AI-native platform, Forma, on a waitlist.

Sources and the full story

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Squarespace lays off 19% of its staff as AI site builders eat its market

Squarespace is cutting about 19% of its workforce, around 300 people, the company confirmed to TechCrunch on Monday, saying it wants to simplify operations and move faster. The company that sold drag-and-drop websites now competes with tools that build a site from a sentence: Lovable raised at $13.3 billion in August. Squarespace was taken private for $7 billion in 2024 and has an AI-native platform, Forma, on a waitlist. SourcesB

Sources

• BWeb host Squarespace lays off 19% of its employees (TechCrunch)techcrunch.com

This story ran in the Morning Brief of November 3rd 2026.