
Pinterest has confirmed plans to reduce its global workforce by nearly 15% as part of a board-approved restructuring focused on expanding artificial intelligence capabilities.
The San Francisco-based social media company disclosed the decision in a Form 8-K filing with the US Securities and Exchange Commission.
The restructuring will affect fewer than 15% of employees and includes a reduction in office space across multiple locations.
Pinterest said the move reflects a strategic decision to shift resources towards artificial intelligence-focused roles and teams.
The company stated it is prioritising AI-powered products and capabilities as part of its long-term growth strategy.
Pinterest also plans to accelerate changes to its sales and go-to-market approach through increased AI adoption.
The company described the restructuring as a reallocation of resources rather than a full retreat from investment.
Despite staff reductions, Pinterest said it intends to reinvest in key development areas and strategic opportunities.