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flag Pinterest is cutting 700 jobs—15% of staff—to refocus on AI development for its platform.

flag As part of a reorganization to focus on artificial intelligence, Pinterest is laying off roughly 700 workers, or 15% of its workforce. flag By September 30, 2026, the company, which employed 4,666 people full-time as of late 2024, intends to cut back on office space and pay between $35 million and $45 million in pre-tax expenses. flag CEO Bill Ready cited progress in turning the platform into a shopping assistant for its 600 million users. flag The move aims to accelerate AI development, including the AI-powered shopping assistant and automated advertising tools. flag Pinterest continues to invest in AI-driven innovation despite a recent stock decline, but analysts point out risks associated with the larger shift.

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