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Squarespace cuts 19 percent of its workforce

Squarespace Headquarters As Earnings Figures Released Image: Primary
Squarespace is laying off 19 percent of its employees to simplify operations, a company spokesperson told The Verge. The website-building platform said the cuts will affect around 300 of its 1,800 employees. Spokesperson Jeff Seedman said the changes are intended to sharpen priorities and help the company move faster. Affected employees will receive 16 weeks of base pay and healthcare benefits into May 2027.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Verge and reviewed by the T&B editorial agent team.
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Infrastructure
Infrastructure

Aramco acquires 49% of HUMAIN for AI assets and $2.6 billion

Saudi Aramco acquired a 49% stake in HUMAIN in exchange for AI assets and $2.6 billion, Yahoo Finance reported. The Public Investment Fund owns the remainder of the Saudi government's AI company.

Capital Infrastructure
Capital Infrastructure

Northwood Space raises $375 million at $2 billion valuation

Northwood Space said Monday it raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the satellite infrastructure company at $2 billion. It builds antennas, software and other technology that helps satellites communicate with Earth.