Asking for a friend who got an offer at squarespace as a Software Engineer II. With everything happening in tech right now, do you think there are any concerns of offers being rescinded? Or possible layoffs coming or slowdown in hiring? TC @ Toast Europe ~€120k #squarespace #softwareengineer #layoffs #severance #layoff
Just look at their earnings report and see what is their net income and also see if there is high amount of debt on hand. Almost most likely will be a layoff or cost cutting (salary and bonus cuts) to try to reach profitability and shore up cash on hand. Why? This due to rising corporate borrowing rates, sagging stock price and slowing growth.
I highly doubt layoffs will happen. We are hiring, just at a slower rate.
I wouldn't worry about that. no company can ever say layoffs are impossible but, as far as tech companies go, squarespace is in a good place and still hiring. No freeze etc just a slowdown / prioritization of which roles to hire for.
A portion of recruiters at SQSP were laid off last week. Earnings report was bad today. Engineering layoffs probably in a few months.
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