Squarespace cuts 19 percent of workforce amid AI industry shifts
Web hosting company Squarespace announced layoffs affecting approximately 300 employees globally to restructure its organization.
Company confirms staff reductions
Jeff Seedman, a public relations specialist for the firm, confirmed the move to TechCrunch. The company stated these changes are intended to simplify operations and sharpen priorities.
Generative AI impacts market
Website building has changed significantly due to the generative AI boom over recent years. New tools allow users to create sites with less effort through simple prompts.
Rivals expand with new tech
Wix bought Base44 for $80 million while Lovable raised a $400 million funding round in August. Google also recently launched Stitch to help users generate user interface designs quickly.
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