Pinterest to lay off 15% of staff to redirect resources to AI

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Pinterest said on Tuesday that it plans to lay off less than 15% of its workforce to cut back on office space and reallocate resources for its AI initiatives. In a regulatory filing, the company noted it expects to complete the layoffs by late September.

The filing stated that Pinterest would be “reallocating resources to AI-focused roles and teams that drive AI adoption and execution” and “prioritizing AI‑powered products and capabilities.”

The company had 4,666 full-time employees at the end of 2024, which means roughly 700…



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Pinterest to lay off 15% of staff to redirect resources to AI


Pinterest said on Tuesday that it plans to lay off less than 15% of its workforce to cut back on office space and reallocate resources for its AI initiatives. In a regulatory filing, the company noted it expects to complete the layoffs by late September.

The filing stated that Pinterest would be “reallocating resources to AI-focused roles and teams that drive AI adoption and execution” and “prioritizing AI‑powered products and capabilities.”

The company had 4,666 full-time employees at the end of 2024, which means roughly 700…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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