Overview
- An SEC filing says Pinterest will eliminate fewer than 15% of roles globally and reduce office space as part of a restructuring.
- Leadership says resources will be shifted to teams building AI-powered products, with a concurrent overhaul of sales and go-to-market strategy.
- Shares fell roughly 8–10% on Tuesday following the announcement as investors questioned the payoff from the pivot.
- The company plans selective hiring of AI‑proficient talent and intends to reinvest in key development areas despite the overall headcount reduction.
- Based on recent headcount disclosures, the cuts are expected to affect several hundred positions, commonly estimated around 700–780.