Squarespace lays off 19% of its workforce amid AI advancements

Squarespace is laying off approximately 19% of its workforce, affecting around 300 employees, as part of a restructuring effort. The company aims to simplify operations and enhance its focus on growth, particularly in response to changes in the website-building industry driven by generative AI. Squarespace has also launched new AI tools, including Blueprint and an upcoming platform called Forma.