Web host Squarespace lays off 19% of its employees

Squarespace is cutting approximately 19% of its global workforce, about 300 employees, in a restructuring meant to simplify operations and sharpen priorities, a company representative confirmed to TechCrunch. The layoffs come as generative AI "vibe-coding" website builders reshape the industry, with rivals like Wix acquiring Base44 for $80 million and Lovable raising a $400 million Series C at a $13.3 billion valuation. Squarespace, founded in 2004 and taken private in a $7 billion deal in 2024, launched an AI tool called Blueprint in 2024 and has announced an upcoming AI-native platform called Forma.