Pinterest on plans to cut 15% jobs and reduce office space: We are reallocating resources to…
Pinterest is set to lay off under 15% of its global workforce and reduce office space as it strategically pivots resources towards artificial intelligence development. This significant restructuring aims to bolster AI-powered products and capabilities, alongside a revamped sales and marketing approach. The company anticipates completing these changes by late September, with an estimated pre-tax charge of $35-$45 million.
Pinterest is set to lay off under 15% of its global workforce and reduce office space as it strategically pivots resources towards artificial intelligence development. This significant restructuring aims to bolster AI-powered products and capabilities, alongside a revamped sales and marketing approach. The company anticipates completing these changes by late September, with an estimated pre-tax charge of $35-$45 million.
