Squarespace to cut 19 percent of its workforce in restructuring

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Website-building platform Squarespace is laying off 19 percent of its employees as part of an effort to streamline operations, according to a statement from a company spokesperson. The cuts affect roughly 300 of the company's 1,800 staff. Squarespace says the changes aim to simplify how it works, sharpen its priorities, and speed up its progress toward its next stage of growth. The company says it is offering comprehensive support to departing employees during the transition. The full details of severance and other impacted-employee benefits were not included in the excerpt available.

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