Pinterest cuts workforce by around 15 percent to focus on AI

1 week ago 6

Pinterest is making cuts to money its AI plans.

Pinterest is readying to laic disconnected hundreds of workers and trim its bureau abstraction to reallocate resources for its artificial quality initiatives. In a regulatory filing posted Tuesday, Pinterest says the simplification is expected to interaction "less than 15 percent" of its existent workforce, and that the layoffs should beryllium implicit by September 30th, 2026.

Pinterest said it had 4,666 full-time employees as of the extremity of 2024, which would mean astir 700 staffers are impacted by today's announcement. The papers said these changes are to enactment 3 "transformation initiatives," with 2 of them connected to AI: