Pinterest cuts up to 15% jobs to prioritize AI push, shares sink
Jan 27 : Pinterest will trim less than 15 per cent of its workforce, the social media platform said on Tuesday, as it plans to reallocate resources to its artificial intelligence-focused roles and strategy. Shares of the company, however, tumbled nearly 10 per cent after its AI pitch failed to ignite investor enthusiasm, underscoring heightened competition from TikTok and Meta-owned Facebook and Instagram for ad market share. "Without clear cost savings or a concrete path to AI-driven revenue
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