San Francisco-based Pinterest is laying off hundreds of employees and justifying the move with plans to take advantage of artificial intelligence.
The social media company announced the layoff of up to 15% of its staff in a filing with the Securities and Exchange Commission on Tuesday, adding that it also plans to reduce its office space. The filing said that, along with changing Pinterest’s sales staff, the cuts are meant to reallocate resources to “AI-focused roles” and prioritize “AI-powered products and capabilities.”
Pinterest finished 2024 with 4,666 full-time workers, per an SEC filing last year, meaning these cuts are likely to hit more than 600 employees. The Tuesday filing said the layoffs will be complete by the end of September…