Pinterest laying off 15% of workforce in push toward AI roles and teams

Pinterest has announced plans to reduce its workforce by nearly 15% as part of a strategic pivot towards artificial intelligence. This decision was revealed in a recent securities filing where the company also indicated it would be downsizing its office space. The layoffs are expected to be finalized by the end of the third quarter, which concludes in late September. Pinterest emphasized its commitment to reallocating resources to develop AI-centric teams, aiming to enhance its offerings with AI-driven products and features. This move reflects the growing trend among tech companies to prioritize AI development in response to evolving market demands.