Business InsiderAlice Tecotzky
Read the memo from Squarespace's CEO about laying off 19% of staff
Squarespace is laying off 19% of its staff in a move its CEO said would help it "adapt for the modern era" with leaner teams and "more player coaches."
The website-building software company is reducing its head count by about 300 employees, according to a companywide memo sent by Squarespace CEO Anthony Casalena on Monday.
Most of the cuts affect product and engineering teams, according to the memo, which was seen by Business Insider.
"The way we need to work is changing faster than at any point in our history, and our operating model must adapt for the modern era," wrote Casalena. "This means smaller teams, more player coaches, and a simplified organizational structure."
Affected staff will get a minimum of 16 weeks of base salary plus…
Read the full story at Business Insider