"The social media company announced the layoff of up to 15% of its staff in a filing with the Securities and Exchange Commission on Tuesday, adding that it also plans to reduce its office space. The filing said that, along with changing Pinterest's sales staff, the cuts are meant to reallocate resources to "AI-focused roles" and prioritize "AI-powered products and capabilities.""
"As SFGATE reported in 2024, companies like Google, Dropbox and Chegg have been among those cutting costs elsewhere in efforts to redirect cash toward AI hires and technology. "We are making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent," Pinterest spokesperson Tessa Chen told SFGATE in a statement. "As a result, we've made the difficult decision to say goodbye to some of our team members. We are grateful for their service and supporting them with separation packages and benefits.""
Pinterest will lay off up to 15% of its workforce and reduce office space while reallocating resources toward AI-focused roles and AI-powered products and capabilities. The company had 4,666 full-time employees at the end of 2024, so the reductions may affect over 600 workers, and the layoffs are expected to be completed by the end of September. Pinterest has launched an AI shopping tool and used AI to personalize boards, while some users report more AI-generated images in feeds. The company plans to hire AI-proficient talent and provide separation packages and benefits to affected employees.
Read at SFGATE
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