diff --git a/packages/ui/src/RichEditor/PlaceholderExtension.ts b/packages/ui/src/RichEditor/PlaceholderExtension.ts
index 9c2fe3c66..047fe92b5 100644
--- a/packages/ui/src/RichEditor/PlaceholderExtension.ts
+++ b/packages/ui/src/RichEditor/PlaceholderExtension.ts
@@ -3,49 +3,91 @@
 // that can be found in the LICENSE file.
 
 import { Extension } from "@tiptap/core";
-import { Plugin, PluginKey } from "@tiptap/pm/state";
-import { Decoration, DecorationSet } from "@tiptap/pm/view";
+import { type EditorState, Plugin, PluginKey } from "@tiptap/pm/state";
+import { Decoration, DecorationSet, type EditorView } from "@tiptap/pm/view";
 
 const placeholderKey = new PluginKey("placeholder");
 
+function computeDecorations(
+  state: EditorState,
+  editable: boolean,
+): DecorationSet {
+  if (!editable) return DecorationSet.empty;
+
+  const { selection } = state;
+  if (!selection.empty) return DecorationSet.empty;
+
+  const $pos = selection.$from;
+  const node = $pos.parent;
+
+  if (node.type.name !== "paragraph") return DecorationSet.empty;
+  if (node.content.size !== 0) return DecorationSet.empty;
+
+  if ($pos.depth >= 2) {
+    const parentName = $pos.node($pos.depth - 1).type.name;
+    if (
+      parentName === "listItem"
+      || parentName === "tableCell"
+      || parentName === "tableHeader"
+    ) {
+      return DecorationSet.empty;
+    }
+  }
+
+  const pos = $pos.before($pos.depth);
+
+  return DecorationSet.create(state.doc, [
+    Decoration.node(pos, pos + node.nodeSize, {
+      "class": "is-empty-focused",
+      "data-placeholder": "Write or type / for commands\u2026",
+    }),
+  ]);
+}
+
 export const PlaceholderExtension = Extension.create({
   name: "placeholder",
 
   addProseMirrorPlugins() {
+    const { editor } = this;
+
     return [
       new Plugin({
         key: placeholderKey,
 
+        view() {
+          let lastEditable = editor.isEditable;
+          return {
+            update(view: EditorView) {
+              const editable = editor.isEditable;
+              if (editable !== lastEditable) {
+                lastEditable = editable;
+                view.dispatch(
+                  view.state.tr.setMeta(placeholderKey, true),
+                );
+              }
+            },
+          };
+        },
+
+        state: {
+          init(_config, state) {
+            return computeDecorations(state, editor.isEditable);
+          },
+          apply(tr, value, _oldState, newState) {
+            if (
+              !tr.docChanged
+              && !tr.selectionSet
+              && !tr.getMeta(placeholderKey)
+            ) {
+              return value;
+            }
+            return computeDecorations(newState, editor.isEditable);
+          },
+        },
+
         props: {
           decorations(state) {
-            const { selection } = state;
-            if (!selection.empty) return DecorationSet.empty;
-
-            const $pos = selection.$from;
-            const node = $pos.parent;
-
-            if (node.type.name !== "paragraph") return DecorationSet.empty;
-            if (node.content.size !== 0) return DecorationSet.empty;
-
-            if ($pos.depth >= 2) {
-              const parentName = $pos.node($pos.depth - 1).type.name;
-              if (
-                parentName === "listItem"
-                || parentName === "tableCell"
-                || parentName === "tableHeader"
-              ) {
-                return DecorationSet.empty;
-              }
-            }
-
-            const pos = $pos.before($pos.depth);
-
-            return DecorationSet.create(state.doc, [
-              Decoration.node(pos, pos + node.nodeSize, {
-                "class": "is-empty-focused",
-                "data-placeholder": "Write or type / for commands\u2026",
-              }),
-            ]);
+            return placeholderKey.getState(state) as DecorationSet;
           },
         },
       }),