Pinterest to Lay Off 15% of Workforce, Shifts Focus to AI
Technology
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CNBC TV18•28-01-2026, 09:18
Pinterest to Lay Off 15% of Workforce, Shifts Focus to AI
- •Pinterest announced plans to cut less than 15% of its global workforce and reduce office space.
- •The restructuring, approved by the board, aims to reallocate resources towards Artificial Intelligence (AI).
- •The company expects to incur $35 million to $45 million in pre-tax restructuring charges.
- •Up to 700 employees could be affected by the layoffs, given Pinterest's 4,666 employees.
- •The restructuring is part of a broader tech trend of companies prioritizing AI and optimizing operations.
Why It Matters: Pinterest is laying off employees and restructuring to prioritize AI development and adoption.
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