Pinterest cites artificial intelligence in laying off 15% of workforce

Pinterest

Pinterest plans to cut its workforce by 15% this year, a move the company said will allow it to reallocate resources to the build-out of its artificial intelligence capabilities. The San Francisco-based company disclosed the plan in a  regulatory filing  on Tuesday, noting that the reduction will affect "less than 15% of the company's workforce" and will include office space reductions.  Pinterest is cutting costs to create more cash flow for AI-focused roles and teams, AI‑powered products and

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