Pinterest (PINS) Stock: Company Cuts Up to 15% of Workforce for AI Pivot

TLDR Pinterest is laying off less than 15% of employees to prioritize AI investments The cuts affect hundreds of workers from a total workforce of 4,666 Restructuring charges will range from $35 million to $45 million Shares fell 8% on Tuesday after the announcement Office space reductions are also part of the restructuring plan Pinterest [...]

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