
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.
The restructuring process is expected to be completed by the end of the company’s third fiscal quarter.
Pinterest noted that the timeline remains subject to local labour laws and consultation requirements in affected regions.