"Pinterest plans to lay off under 15% of its workforce, as part of broader restructuring that arrives as the image-sharing platform pivots more of its money to artificial intelligence. In a Tuesday securities filing, San Francisco-based Pinterest said it was making these cuts to support transformation initiatives which include reallocating the company's resources to AI-focused roles and prioritizing AI-powered products. It said it was also working to reshape its sales and go-to-market approach."
"Beyond the coming layoffs, Pinterest said it will reduce office space. The company expects to complete its restructuring plan by the end of September, incurring pretax charges of $35 million to $45 million. Pinterest's job cuts are expected to impact hundreds of workers. As of the end of last year, Pinterest had a total headcount of about 5,200 employees, the company confirmed to The Associated Press."
Pinterest plans to lay off under 15% of its workforce as part of a broader restructuring to shift spending toward artificial intelligence. The company is reallocating resources to AI-focused roles, prioritizing AI-powered products, and reshaping its sales and go-to-market approach. The plan includes reducing office space and is expected to complete by the end of September, with pretax charges of $35 million to $45 million. Job cuts will affect hundreds of workers; Pinterest reported about 5,200 employees at year-end. Pinterest has accelerated consumer-facing AI features, including AI updates to boards and a Pinterest Assistant for shopping recommendations.
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