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Pinterest is planning to lay off hundreds of workers and reduce its office space to reallocate resources for its artificial intelligence initiatives. In a regulatory filing posted Tuesday, Pinterest says the reduction is expected to impact “less than 15 percent” of its current workforce, and that the layoffs should be complete by September 30th, 2026.
Pinterest said it had 4,666 full-time employees as of the end of 2024, which would mean around 700 staffers are impacted by today’s announcement. The document said these changes are to support three “transformation initiatives,” with two of them connected to AI:
Off the back of these changes, Pinterest is set to incur pre-tax restructuring charges of approximately $35 million to $45 million.
“We are making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent,” Pinterest spokesperson Tessa Chen said in a statement to The Verge. “As a result, we’ve made the difficult decision to say goodbye to some of our team members. We are grateful for their service and supporting them with separation packages and benefits.”
Update, January 27th: Added statement from Pinterest.
