✉news BusinessBusiness first seen 3 d ago, last 3 d ago, peak #32
Squarespace CEO Memo Details Layoff of 19% of Staff
Original: Read the Memo From Squarespace's CEO About Laying Off 19% of Staff
Squarespace is cutting about 19% of its workforce, with CEO Anthony Casalena announcing the layoffs in a memo to employees. The note, published by Business Insider, explains the company's reasoning for the significant reduction, which comes as technology firms continue trimming staff to control costs and refocus operations. The memo's contents are drawing attention as another example of widespread job cuts across the tech sector.
Why now: Tech layoffs are under intense scrutiny, and a 19% cut at a major website-building company affects many employees and customers
Evidence
- Read the Memo From Squarespace's CEO About Laying Off 19% of Staff · Business Insider
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