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Pinterest is cutting 700 jobs—15% of staff—to refocus on AI development for its platform.
As part of a reorganization to focus on artificial intelligence, Pinterest is laying off roughly 700 workers, or 15% of its workforce.
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.
CEO Bill Ready cited progress in turning the platform into a shopping assistant for its 600 million users.
The move aims to accelerate AI development, including the AI-powered shopping assistant and automated advertising tools.
Pinterest continues to invest in AI-driven innovation despite a recent stock decline, but analysts point out risks associated with the larger shift.
Pinterest está recortando 700 empleos -15% del personal- para volver a centrarse en el desarrollo de IA para su plataforma.