The company said it's "reallocating resources" to roles and teams focused on artificial intelligence.
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said Tuesday it plans to lay off less than 15% of its workforce and cut back on office space as the company embraces artificial intelligence.
In a securities filing, Pinterest said it expects the cuts will be complete by the end of its third quarter in late September.
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The social media platform announced last week that it was laying off around 15% of its workforce.
Two engineers for the Pinterest website no longer are employed after creating a software tool to track the company's downsizing…
Digital pinboard business cutting 15% of workforce as it invests heavily in AI
Pinterest cut nearly 15% of the company's workforce and reduced office space in January as it pushes more resources into AI.
Layoffs not attributed to AI replacing jobs, despite industry concerns. Read more at straitstimes.com. Read more at…
Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech
