Last updated: 2026-01-29 18:45:38 ET
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Pinterest and Autodesk are among other tech companies that have started 2026 with layoff announcements.
Pinterest is cutting costs to create more cash flow for AI-focused roles and AI‑powered products, the company said in a filing Tuesday.
The social media platform plans to reallocate resources to its artificial intelligence-focused roles and strategy.
Pinterest plans to lay off under 15% of its workforce, as part of broader restructuring that arrives as the image-sharing platform pivots more of its ...
These are the stocks posting the largest moves in midday trading.
Pinterest’s stock drops after a disclosure that it plans to cut about 15% of its workforce, as it reallocates resources to AI-focused roles and prod...
Pinterest says it's "reallocating resources to AI-focused roles and teams that drive AI adoption and execution" and "prioritizing AI‑powered products and capabilities."
Pinterest says it's "reallocating resources to AI-focused roles and teams that drive AI adoption and execution" and "prioritizing AI‑powered products and capabilities."
The company said it's "reallocating resources" to roles and teams focused on artificial intelligence.
Pinterest cuts workforce by around 15 percent to focus on AI
